![]() Visit Insider's homepage for more stories.Įditor's note: This story was originally published January 31, 2021.Current and former employees describe him as hard-charging and obsessed with customer experience.Jassy grew Amazon Web Services into a $40 billion business as its leader.Andy Jassy officially becomes CEO of Amazon on Monday, succeeding Jeff Bezos."He will be an outstanding leader, and he has my full confidence," he added.Account icon An icon in the shape of a person's head and shoulders. "Andy is well known inside the company and has been at Amazon almost as long as I have," Bezos said. Jeff Bezos is confident that this successor will do amazing things for the company, because Jassy has been serving as long as he has been. His role as the newest CEO is bound to have its perks. "On average, Andrew trades about 4,083 units every 41 days since 2006," it added.Īs of November 13, 2020, Jassy still has with him at least 82,115 units of stock, which can make him richer the moment he sells them. "The largest trade he's ever made was selling 14,000 units of stock on 22 September 2016 worth over $11,200,000," Wallmine stated. Wallmine further claimed that Jassy was able to make various high-profile stock trades, most notably during the time when AWS returned record profits. This naturally comes with its own monetary and non-monetary rewards. Under his helm, his division became one of the most profitable at Amazon. He received a total of $35.4 million (£25.9 million) in stocks at the time. This division was able to bring in a total of $12.2 billion in profits four years ago, providing him a massive stock bonus. Jeff Bezos is now transitioning to the role of executive chair when the third quarter of 2021 rolls around.ĪWS has done remarkably for the success of Amazon. ![]() Remarkably, Jassy once out-earned Mr Bezos one year, following stock awards in 2016. For the ordinary employee, this number is only aspired for. How does Andy Jassy Make Money?Īnnually, his salary as the CEO of AWS reaches $348,809. Jassy reportedly already sold more than $113 million (£83 million) of the stock he owns. He makes money too by selling stock.Īccording to the site, Jassy owns 2,791 units of Amazon stock, which can be calculated as roughly $280,440,790, if not more. The site further detailed that Mr Jassy's net worth is not only because of his salary. Through the months, this could have increased. READ MORE: Amazon Announces Q4 Earnings, 2020 Full Year Performance, and a New CEO for 2021Īccording to Wallmine, an investing research platform, Mr Jassy's personal net worth is "at least" $394 Million, as of November 2020. Most of his earnings can be described as being derived from restricted stock shares, amounting to tens of millions annually. He has been serving the highly successful company for the last 23 or so years, after all. With such a key role, Andy Jassy was able to acquire a net worth that cannot be considered little. He has led Amazon's Webs Services Cloud team since its creation in 1997 and serves as its CEO, which means his work for the company is valuable, as reported by Express UK. Who is Andy Jassy, Amazon's new and upcoming CEO? In all his years with the company, was he able to amass a grand fortune like Bezos, undoubtedly one of the richest men in the world today? Andy Jassy's Net WorthĪlthough few would know who Andy Jassy is, because Jeff Bezos is more associated with the giant online marketplace, his vallue to the company, and personal net worth cannot be scoffed at. ![]()
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