Jeff Bezos Stepped Down From His Position At Amazon: This Is What The World’s Richest Man’s Retirement Plan Looks Like
The founder as well as the current executive chairman of the retail giant, Amazon, Inc. and also, the richest man on earth, Jeff Bezos has hit the headlines. He has just resigned from the position of CEO, making way for Andy Jassy who was declared the new Amazon CEO on the 5th of July, 2021, the same day Bezos stepped down. Interestingly, it’s that day Amazon came into being for the first time 27 years back. So, it has been a matter of nostalgia for the man as he would no longer direct and leads the multinational company. Retirement can be stressful for many who have no idea what their source of income will be, later on. For Bezos, having a net worth of more than $200 billion means that his life has just started.
The Journey Started Almost Three Decades Back
Bezos’ journey started 27 years back when he set up Amazon as an online bookstore. He used to operate from a garage. Bezos used to package orders on his own and send them to post offices for delivery. This was how he started. Now, the world knows him as the wealthiest individual in modern history. His divorce with MacKenzie Scott, after staying together for 26 years was a costly one as he had to pay her a part of his interest. Despite that, Bezos has a total fortune of more than $200 billion under his belt. Isn’t that incredible? After Amazon was launched, Bezos diversified his business and ventured into cloud computing, artificial intelligence, digital streaming, and of course, e-commerce, among other sectors. Presently, the market value of the company is something in the ballpark of $1.7 trillion. That makes Amazon the world’s most valuable brand.
His Net Worth Increased During The Pandemic
Forbes states that amidst the COVID-19 pandemic, Bezos’s net worth increased by a staggering $4.9 billion in August 2020. Meanwhile, he has also come up with Blue Origin, the aerospace manufacturer as well as a sub-orbital spaceflight services provider. Blue Origin plays a major role in his retirement planning. Though Bezos won’t occupy the position of the Chief Executive Officer and won’t be involved in the daily operations of the company, he will continue playing a significant role as Amazon’s executive chairman. Now that he has retired, he is going to devote his time and attention to several other ventures that he has invested in. However, Blue Origin seems to be the topmost priority.
He Announced Retirement In Early 2021
When Bezos announced in early 2021 that he will be stepping down as CEO of Amazon, he emphasized the fact that Blue Origin would take up much of his time in retirement. On the 20th of July, 2021, he would be flying into space on the New Shepard, the first rocket ship of Blue Origin. It will be a first-crewed flight. He has chosen 20th July as it coincides with the fifty-second anniversary of the moon landing by Apollo 11. According to Bezos, he has always nurtured his childhood dream of going into space, and come 20th July, he will finally fulfill his dream.
He will have Mark Bezos, his brother, as his companion. Aside from these two, there will be an 82-year-old woman on board. She has tried over the last sixty years, but probably never could reach space. There will be Funk too. She is among those 13 women who passed the astronaut training program conducted by NASA in the 6s decade. Funk will go down in history as the oldest woman to reach space. Among the crew, there will be a mysterious individual as well who is said to have shelled out $28 million for a set in the New Shepard.
If everything falls into place, Bezos is all set to become the first space tycoons to make the best use of rocket technology and go aboard a rocket ship. However, Richard Branson of Virgin Galactic can beat him as he has announced his journey to space before Bezos. He has planned to do it nine days before Bezos. It can pretty well be interpreted as Branson’s way of outdoing his rival. Bezos though is unmoved about this. he prefers to focus on his private space enterprise since he feels the development of space technologies would benefit the planet. The world is looking forward to 20th July.
More in Retirement
Buying A Luxury Property After Retirement? Here’s What You Need To Know
Real estate is always considered a safe investment. Whether you want to buy, sell, or flip a real property, you can...June 2, 2021
Here’s How You Can Get the Best Out of Mortgage Rates!
We always need ready cash available to buy or fix up a home, that’s when a mortgage loan comes into play....May 31, 2021
Three Best Banks For Small Businesses In 2021
As a small business owner, you would definitely look for a bank that suits your needs. Whether a bank is the...May 30, 2021
Do You Need To Replace 80% Of Your Annual Income For Retirement?
According to the rule of thumb, if you are aiming for a comfortable retirement, you need to replace 80% of the...May 26, 2021
Three Key Rental Property Loans You Should Know About!
Whether you are making your investment portfolio a diverse one or building up a portfolio that can protect you against inflation...May 24, 2021
Here’s Why You Need to Make a Bucketlist After Retirement!
So many people want to enjoy a happy and active life after retirement and yes why should people hang up their...May 23, 2021
Are You In The Military? Here’s How You Can Save Money For The Future
If you are serving the military, you are serving your country. You can be in the Army, Navy, Air Force, Marines,...May 20, 2021
Here’s Why Staying Unbanked Is Not A Good Idea At All
Do you really think that every single individual that you come across maintains a bank account to drop their paychecks and...May 19, 2021
Creative and Entertaining Ideas to Make Your Restaurant More Happenning!
A restaurant isn’t someplace where you provide food only. It’s an experience. Most of the popular restaurants create great memories for...May 14, 2021