In this era, Artificial Intelligence isn’t just a tech buzzword anymore. AI has also become a crucial part of our lives. From the apps on our phones, AI has integrated into our routines almost without us noticing. In healthcare, it’s spotting diseases faster than doctors. In classrooms, it’s helping students learn in completely new ways. And yes, it’s even drafting emails or articles in seconds when we’re too tired to do it ourselves.
But here’s the thing, AI didn’t get here on its own. Behind all of these advances are real people making bold choices, taking risks, and in many cases, changing the rules as they go. Some of them are running billion-dollar companies. While others are standing up and asking tough questions about ethics and responsibility.
In this article, we will walk through the Top 10 Most Influential People in AI, the thinkers, builders, and risk-takers deciding what the future of intelligence looks like.
List of the Leading Game-Changers Behind the AI Revolution
AI may be transforming industries at lightning speed, but it’s the people behind the technology who are truly shaping its future. From CEOs of trillion-dollar companies to rising innovators making AI more accessible, these leaders are driving the breakthroughs that impact our daily lives. Here’s a look at the top 10 most influential people in AI, the visionaries steering the direction of artificial intelligence.
Name
Position
Company
Matthew Prince
Co-founder & CEO
Cloudflare
Elon Musk
Founder
xAI
Sam Altman
CEO
OpenAI
Jensen Huang
CEO
Nvidia
Fidji Simo
CEO of Applications
OpenAI
Mark Zuckerberg
Founder & CEO
Meta
Andy Jassy
President & CEO
Amazon
Allie K. Miller
CEO
Open Machine
Ravi Kumar S
CEO
Cognizant
Dario Amodei
Co-founder & CEO
Anthropic
Matthew Prince
Matthew Prince – Top Most Influential People in AI
Cloudflare’s co-founder and CEO, Matthew Prince, made headlines when he quickly moved to block AI crawler bots that were siphoning traffic away from news and media publishers. His firm stance positioned him as a strong defender of original content creators at a time when many were worried about how generative AI tools were using their work without credit. Prince’s move wasn’t just about protecting websites; it was about drawing a line on fairness in the digital age.
As of February 2025, his leadership has also translated into personal success. With an estimated net worth of US$5.5 billion, Prince is officially recognized as the richest individual in Utah, a reflection of Cloudflare’s continued dominance in internet security and infrastructure.
Elon Musk
Elon Musk – Top Most Influential People in AI
Elon Musk, the founder of xAI and co-founder of OpenAI, continues to play a defining role in the global AI conversation. He is not the part of Open AI anymore. Through his ventures, he pushes for alternatives to dominant players while also raising concerns about the risks of unchecked artificial intelligence.
His companies, along with his constant presence in public discourse, ensure that his voice carries weight in shaping the future of technology. According to Forbes, Musk’s net worth now exceeds $400 billion, cementing his position not only as one of the wealthiest people on the planet but also as one of the most impactful in steering AI’s trajectory.
Sam Altman
Sam Altman – Top Most Influential People in AI
Sam Altman, the CEO of OpenAI, has been instrumental in transforming the company into one of the most influential players in the AI world. His focus on scaling infrastructure and shaping global policies has given OpenAI unmatched influence in the ecosystem. Under his leadership, OpenAI has become synonymous with innovation, regulation, and real-world impact. According to Forbes, Altman’s net worth stands at US$1.2 billion, highlighting his growing stature among the world’s top tech leaders.
Jensen Huang
Jensen Huang – Top Most Influential People in AI
As Nvidia’s CEO, Jensen Huang transformed graphics processors into the backbone of the AI revolution. His ability to secure massive infrastructure deals and navigate geopolitics has made Nvidia indispensable to the AI boom. Huang’s leadership ensures that nearly every major AI company relies on Nvidia chips for innovation. In 2025, Forbes ranked him the 6th-richest person in the world with a net worth of US$150 billion.
She is currently serving as CEO of Applications at OpenAI. Fidji Simo focuses on making AI products scalable and commercially successful. Her earlier experience at Instacart and Meta gave her strong expertise in both product innovation and operational excellence. At OpenAI, she plays a key role in bringing AI tools into the hands of everyday users. According to Insider Trades, her net worth is estimated at US$70.75 million as of 2025.
Mark Zuckerberg
Mark Zuckerberg – Top Most Influential People in AI
As founder and CEO of Meta, Mark Zuckerberg is embedding AI deeply into social platforms and the metaverse. His influence means billions of people interact with AI daily, often without even realizing it. Beyond consumer products, Zuckerberg is also pushing AI research into new frontiers of virtual and augmented reality. Forbes reported his net worth at US$221.2 billion in May 2025, ranking him the second-richest person in the world.
Andy Jassy
Andy Jassy – Top Most Influential People in AI
Amazon’s President and CEO, Andy Jassy, is driving the company toward becoming one of the most AI-centric businesses globally. From foundational models to robotics and logistics, AI is central to Amazon’s future under his leadership. Jassy’s vision emphasizes AI integration across both consumer services and enterprise operations. As of January 2025, his net worth was estimated at nearly US$500 million, reflecting his steady rise as a corporate leader.
Allie K. Miller
Allie K. Miller – Top Most Influential People in AI
As CEO of Open Machine, Allie K. Miller is pushing for AI tools that are practical, user-friendly, and widely accessible. Known for championing innovation, she is among the rising stars making AI adoption easier for individuals and businesses alike. Her leadership is helping shift AI from research labs to real-world use cases. Media reports estimate her net worth at around US$36 million in 2024.
Ravi Kumar S
Ravi Kumar S – Top Most Influential People in AI
As CEO of Cognizant, Ravi Kumar S is promoting the idea of the “sentient enterprise,” where AI and humans work seamlessly together. He has introduced platforms like Agent Foundry and Synapse to accelerate generative AI adoption across industries. His focus remains on democratizing AI access and making expertise more widely available. As of June 30, 2025, Kumar held 54 stocks with a net worth exceeding INR 898.9 crore.
Dario Amodei
Dario Amodei – Top Most Influential People in AI
As co-founder and CEO of Anthropic, Dario Amodei has made safety and alignment central to AI development. His company is now one of the most important voices in the global conversation on responsible AI. Amodei is widely respected for advocating innovation that doesn’t compromise on human values or ethics. In 2025, Forbes estimated his net worth at US$3.7 billion, reflecting Anthropic’s growing influence.
Conclusion
Artificial Intelligence has rapidly moved from being a futuristic concept to an everyday reality that shapes how we work, communicate, and even think about the world around us. The ten figures we explored are not only building cutting-edge technologies but also shaping the policies, ethics, and commercial models that determine AI’s global impact.
Some, like Jensen Huang and Sam Altman, are focused on scaling the infrastructure that fuels this revolution, while others, like Dario Amodei and Matthew Prince, are setting boundaries around safety and fairness. Leaders such as Mark Zuckerberg, Fidji Simo, and Andy Jassy are integrating AI into platforms billions of people use daily, while rising stars like Allie K. Miller are making AI more accessible for individuals and businesses alike.
As we move deeper into 2025, one thing is clear: AI’s story is still being written, and these influential minds are holding the pen. The way they balance innovation with responsibility will decide not only the future of artificial intelligence but also the future of humanity’s relationship with technology itself.
The top 10 AI leaders include Matthew Prince, Elon Musk, Sam Altman, Jensen Huang, Fidji Simo, Mark Zuckerberg, Andy Jassy, Allie K. Miller, Ravi Kumar S, and Dario Amodei.
Why is Jensen Huang considered a leader in AI technology?
Nvidia’s CEO Jensen Huang transformed GPUs into the backbone of AI. Almost every AI company depends on Nvidia’s hardware, making him essential to the global AI boom.
How is Mark Zuckerberg using AI at Meta?
Mark Zuckerberg is embedding AI into Meta’s platforms, including Facebook, Instagram, WhatsApp, and the Metaverse. His work allows billions of people to interact with AI daily.
At a recent internal town hall meeting, Amazon CEO Andy Jassy highlighted a major change in the company’s promotion strategy, stressing that growing big teams will no longer be the route to promotion at the e-commerce behemoth. Jassy informed staff that Amazon is actively altering its perspective on promotions, emphasising that the best leaders are those that do the most with the least number of resources needed to complete the task, according to a recording of last week’s all-hands meeting that a media house was able to access.
Changing the Entire Dynamics of Promotion
The CEO clarifies that building a massive workforce and domain is not the path to success at Amazon. Having a large team is not rewarded. Amazon wants to do a lot more things and be resourceful. The CEO’s remarks are in line with Amazon’s recently concluded plan to minimise bureaucracy and management layers by increasing the proportion of individual contributors to managers by 15% throughout its organisations. Every new project shouldn’t require 50 or more people to complete, Jassy told staff members, pointing out that some of Amazon Web Services’ most popular products were first introduced with teams of only a dozen individuals.
Meritocracy over Bureaucracy
Meritocracy is more important than bureaucracy, according to the Amazon CEO, who also stated that employee charisma is not a factor. It doesn’t matter if they are adept at sideways or upward management. What the company does for its clients is what counts. It’s what the business rewards. Recognising the fierce competition Amazon faces from the most technologically proficient, most hungry businesses, including startups operating around the clock, Jassy also asked staff to act like owners and move quickly. “What would I do if this were my company?” Jassy asked the employees. By the way, it’s your business. This encompasses our entire organisation,” urging people to stay cognisant of both internal objectives and external advancements.
Amazon Plans to Eliminate 14,000 Managerial Positions
By early 2025, Amazon plans to let off 14,000 administrative staff members as part of a comprehensive restructuring strategy meant to boost productivity and cut expenses. It is anticipated that Amazon will save between $2.1 billion and $3.6 billion a year as a result of the decision, which represents a 13% drop in the company’s global management personnel. Following recent layoffs in Amazon’s sustainability and communications departments, this most recent round of layoffs represents a larger change in the company’s corporate structure. The choice is in keeping with CEO Andy Jassy’s continuous attempts to reduce organisational complexity and streamline processes. In an effort to improve operational efficiency and speed up decision-making, Amazon intends to raise the proportion of individual contributors to managers by at least 15% by the first quarter of 2025. Jassy has been outspoken about cutting back on bureaucratic layers that impede operations, according to sources Business Insider reported. This supports his goal of having Amazon operate more like a quick-thinking company.
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Online shopping has become a part of daily life for most of us today. A recent survey in 2022 reveals that over 2.14 billion people worldwide shops online, which makes 27.6% of the people out of 7.74 billion people in the world. Thus, it can be concluded that more than one out of four people shops online now.
While the number of e-commerce companies worldwide is growing fast, there are a few pioneer companies that have established themselves as the market leader in the sector, and one of them is Amazon.
Starting in the year 1994 from the founder Jeff Bezos’ garage, Amazon is one of the few companies that joined the 1 trillion valuation club.
Let’s have a look into the startup story of the e-commerce giant, Amazon along with it, discover Amazon’s Revenue, Funding, History, Growth, Competitors and more.
Amazon.com, Inc was launched in 1994 by Jeff Bezos in the United States. Later, it stepped into other countries to increase its market. Amazon India was started in June 2013, and sooner it became one of the biggest eCommerce platforms in India. Initially, the company started by selling books and it expanded to sell electronics, households, software, food, jewellery, and a lot more.
Amazon India Website
Currently, other than being an e-commerce company, Amazon has diversified into a number of domains including cloud computing, Publishing, on-demand music, video streaming, AI, consumer electronics, etc and the company is constantly on the lookout to enter new segments.
Amazon Studios, Amazon Publishing, Amazon Music, and Amazon Web Services are some of its other subsidiaries. In its bid to grow, Amazon has acquired over 100 companies to date.Apart from being the biggest E-Commerce platform, Amazon also offers some pretty exciting and good services and they are:
Amazon Web Services (AWS)
AWS is the web services platform of Amazon, which offers IT infrastructure services to businesses in the form of web services, which is commonly referred to as cloud computing. AWS was launched in 2006, and on March 2, 2021, it was selected by PGA TOUR as its official cloud provider.
Amazon Go
Amazon Go Logo
Amazon Go is a chain of convenience stores that is run under Amazon which was started in the year 2018. The stores are mainly present in the United States and the United Kingdom, the main concept of these stores is that there are no cashiers in the store with whom customers have to deal. Everything is automated there and they have self-checkout stations where customers can pay for their supplies after picking them up from the store. As of now, there are 42+ Amazon Go stores.
Amazon Prime
Amazon Prime Logo
This is the OTT video streaming platform offered by Amazon, it is a subscription-based platform where movies, television series, web series, and other video content are provided for the audience to watch. Amazon Prime was launched worldwide in 2016, however, some countries were excluded then, like North Korea, Mainland China, Syria, Cuba, and Iran. Amazon Prime Video made history as the first streaming service to secure an Exclusive National Broadcast Package from the NFL on March 18, 2021.
“We recognize the need for in-game content by mobile gamers to enhance their playing experience and are delighted to provide access to this content free to Prime members. We will continue to add new in-game content for other popular games, with frequent content refreshes.” –Akshay Sahi, Director and Head of Prime, Amazon India
Amazon Pay
Amazon Pay Logo
This is the online payment processing service provided by Amazon. It was launched in the year 2007. Through this payment service, one can pay from their Amazon account, for goods and services. The payment service is supported by fraud protection technology through which you can complete any transaction securely. Amazon Pay launched Smart Stores on June 26, 2020. The Smart Stores of Amazon Pay is an India-specific programme that would enable the physical stores to serve the customers with a wide range of products that they can easily avail of and pay for just by scanning the QR codes.
“Amazon Pay is already accepted at millions of local shops, we are trying to make customers buying experience at local shops more convenient and safe through Smart Stores.” -Mahendra Nerukar, Amazon Pay CEO
Smart Stores is also coming up with a feature in which a digital store will be available for the customers in which customers can go through the products that the shop is having, can read and update the reviews of the product, and avail many offers which can provide them benefits, and a new type of shopping experience. Many shops have signed up for Amazon Pay Smart Stores and came forward as they have found a new hope to bring their business back on track. Big brands such as Big Bazaar and MedPlus have come forward and have taken a part in this new initiative.
Smart Commerce Initiative
Amazon has announced its Smart Commerce initiative in India, as far as May 18, 2022 reports go. With this initiative, Amazon India has plans to transform the local stores into “Digital Dukaans“. Amazon announced during the 3rd edition of Amazon Smbhav that the company will be fuelling its plans to digitise 1 crore small businesses by 2025 via the launch of its Smart Commerce.
Amazon – Founder & Team
Jeff Bezos (Founder & Former CEO, Amazon)
Jeff Bezos
Amazon was founded by Jeff Bezos (Jeffrey Preston Bezos) in 1994. He is an American entrepreneur and industrialist. After graduating from Princeton University with a degree in electrical engineering and computer science in 1986, Bezos worked for ‘Fitel’ ( a fintech telecommunication startup), where he was working on building a network for international trade. Later Bezos was promoted to head of development and director of customer service at ‘Fitel’.
Jeff Bezos- Amazon Founder
Jeff Bezos stepped down as CEO of Amazon and will be the executive chairman of Amazon. Andy Jassy -The Cloud Computing Chief has been appointed as the new CEO of Amazon.
Andy Jassy (Cloud Computing Chief & CEO of Amazon)
Andy Jassy
Jassy joined Amazon in 1997. He has an MBA from Harvard Business School. It was Andy Jassy who founded Amazon Web Services (AWS), a cloud platform with millions of users. Andy Jassy’s promotion from being a Cloud Computing Chief to the CEO (Chief Executive Officer) of Amazon is remarkable and highlights the importance of web services to Amazon’s future. Andy Jassy has taken over the position of Amazon CEO.
Andy Jassy- Amazon CEO
Amazon – Startup Story
Jeff Bezos jokingly describes founding Amazon as a ‘Regret Minimization Framework’. Jeff did not want to regret not taking advantage of the internet boom that had then started to slowly take the world by storm. Hence in 1994, Jeff left his job as vice president of D.E Shaw & Co. to start his own venture.
Jeff Bezos wrote his company’s first business plan on a cross-country drive from New York to Seattle. Initially, Amazon was registered as Cadabra, Inc. However, when Jeff found out that people misheard the name Cadabra as ‘cadaver’ (cadaver means corpse), he decided to change the name and bought the domain name relentless.com. But that too was changed as his friends did not quite like the name and finally named his company ‘Amazon’.
Jeff listed 20 products that can be sold online, out of which he decided to start with selling books. The first to invest in Amazon was Jeff Bezos’ parents, who invested $250,000 in the venture. By 1997, Amazon had 2.5 million titles.
In 1998, Amazon acquired Junglee Corporation ( provider of database technology to help consumers find products on the Internet) and ‘Planet All’ a social networking, calendaring, and address book site, and with it, the company also started expanding its offerings beyond books.
In 2005 Amazon also entered the crowd-sourcing business with ‘Amazon Mechanical Turk’.
In 2006, Amazon entered the cloud computing sector with ‘Amazon Web Services (AWS) realizing the great scope that the sector holds. In 2006, Amazon entered the video-on-demand sector with ‘Amazon Unbox’.
In November 2007, Amazon released Kindle, its first e-reader, which became quite popular among users. In 2007, Amazon launched Amazon Music.
Another Amazon product that has gained popularity is ‘Alexa’, which is a virtual assistant AI technology developed by Amazon.
Amazon – Name & Logo
Amazon being the largest river in the world, the company was named ‘Amazon’ as Jeff Bezos envisioned his company to be the largest.
Amazon Logo
Amazon’s current logo which the company has been using since the year 2000, has an arrow leading from A to Z, which reflects the company’s goal to provide every product a customer needs. The arrow forms a smile, which represents customer satisfaction.
Amazon – Growth & Revenue
What started as a small online book store has become the world’s largest online marketplace today. Ever since Amazon was launched, it simply grew from strength to strength. The company diversified and explored many horizons, and most importantly, it cemented its position regardless of where it went.
Amazon India marketplace, which is run by Amazon Seller Services, has posted a 49% rise in its revenue from operations that have been recorded at Rs 16,200 crore during FY21 and was last recorded at Rs 10,847.6 crore. The eCommerce giant in India also witnessed a decrease in its losses, which declined from Rs 5849 crore to Rs 4748 crore. However, another unit of Amazon called Amazon Wholesale (India), has scaled down during FY21, posting a 7% drop in its revenue from operations, which decreased from Rs 3384 crore (FY20) to Rs 3131 crore (FY21).
Looking at the sales, Amazon’s sales also skyrocketed at an unimaginable pace, which has significantly contributed to the growth of the business. One another thing is the diversification of its products and the realization of the future of the online shopping and eCommerce businesses at an early stage, which helped Amazon scale leaps and bounds.
Let’s take a detailed look at the Amazon’s funding history. The company has received a total funding amount of $108 million over two rounds. Amazon went public in 1997. Amazon is funded by 2 investors, AOL and Kleiner Perkins.
Investors
Date
Stage
Amount
Investors
July 2001
Funding Round
$100M
–
June 1996
Series A
$8M
Kleiner Perkins
Amazon – Investments
Amazon invested in numerous organisations, keeping a track of which is really difficult if not impossible. The Bezos-founded company has over 118 investments to date.
The Andy Jassy-led company is looking to buy majority stakes in Ecom Express for $500-600 mn. Amazon doesn’t own an in-house logistics and delivery system unlike its rival Flipkart, and to match the Walmart-backed company, Amazon is planning to own an ecommerce logistics and delivery unit. Though both Amazon and Ecom Express are in the preliminary stages of talks, the ecommerce behemoth will likely pick up 51% stakes in the latter, thereby leading Warburg Pincus to quit.
Here we have managed to present to you some of the recent investments of Amazon. Check them out below:
Date of Investment
Name of the Company
Funding Round
Lead Investor
April 22, 2022
Agility Robotics
Series B
–
April 21, 2022
Modjoul
Venture Round
Yes
April 21, 2022
BionicHive
Venture Round
Yes
April 21, 2022
Mantis Robotics
Seed Round
Yes
April 21, 2022
VIMAAN
Venture Round
Yes
January 6, 2022
LeedPay
Pre-Seed Round
–
December 14, 2021
Amogy
Series A
–
December 3, 2021
Dibbs
Corporate Round
Yes
November 9, 2021
MyGlamm
Series D
–
October 19, 2021
Pismo
Series B
Yes
Amazon – Acquisitions
Amazon has had a list of acquisitions since 1994 when it started. The tech giant boasts of 94+ acquisitions and counting. Here’s a list of some of the prominent acquisitions that Amazon made recently:
Date
Name of the Company
Deal Value
April 22, 2022
GlowRoad
–
March 7, 2022
Veeqo
–
December 22, 2021
Prione
–
May 26, 2021
MGM Studios
$8.5 bn
March 30, 2021
Perpule
$14.36 mn
February 16, 2021
Selz
–
June 26, 2020
Zoox
$1.2 bn
October 24, 2019
Health Navigator
–
September 25, 2019
INLT
–
July 31, 2019
E8 Storage
–
Amazon – Business & Revenue Model
Amazon primarily runs an E-commerce business, which runs on an E-commerce business model. The company also has other wings, which run on an array of business models. Besides, Amazon also manufactures numerous products that are sold online and via retail stores across the world.
Amazon Customer Segment
Amazon customers can be divided into:
Sellers – They sell their products to a wide audience using the Amazon platform.
Buyers – They buy from a wide selection of Amazon products and services.
Developers – There are numerous communities involved with the Amazon Web Services (AWS), which include both Amazon customers, partners, businesses, and individuals.
Amazon Value Proposition
The business model of the company, as per the founder of Amazon, Jeff Bezos, depends on 3 value propositions:
Low price
Fast delivery
Wide selection of products
Amazon Channels
The most important channel of Amazon is the Amazon website itself. Some other notable channels of Amazon include Amazon Prime, the Amazon app, and more.
A major portion of Amazon’s revenue comes from its E-commerce business. Besides, Amazon also has 526+ brick and mortar retail outlets, which forms a good source of revenue.
It also makes a huge revenue through Kindle, an electronic device to read books, subscription fee of ‘Amazon Prime’, third-party seller services, advertising revenues, and revenue from Amazon Web Services.
Here are the prominent revenue channels of Amazon:
Sales for one-time
Sales commissions
Advertising
Subscriptions like that of Amazon Prime and the app itself
Web Services (AWS)
Licenses
Patents
Pay-Per-Use and Support Subscription
Amazon – Competitors
Amazon has a lot of competitors in segments such as merchandise, web services, electronics, and media. some of the main competitors of Amazon in its different fields.
Amazon is planning to venture into the health-tech and food delivery business soon. Amazon CEO Jeff Bezos has revealed plans to introduce ‘Amazon Prime Air Drone Delivery Service’, whereby lighter packages will be delivered to customers through drones. The company is also making efforts to make its delivery system more eco-friendly, by including electric vehicles in its delivery services.
Regarding Amazon’s plan in India, the company is planning to create 1 million new jobs in India by 2025. In January 2020, Jeff Bezos announced that Amazon will invest $1 billion in India to help 10 million traders and MSMEs businesses in India to go online. The company is envisioning to enable exports worth $10 billion via Amazon by 2025.
Amazon has announced to facilitate $20 billion worth of exports of Indian goods in the next 3 years, as per Amazon Exports Digest 2022. On average, it makes the company exported Indian goods would have to be $2 billion a year since 2015.
FAQs
What is Amazon’s Funding History?
Amazon received a total funding of $108 million over two rounds. Amazon went public in 1997.
When was Amazon Founded in India?
Amazon launched its operations in India in June 2013. Amazon was founded in July 1994.
Who is Amazon’s CEO?
Andy Jassy is theCEO of Amazon. Jeff Bezos was the former CEO of Amazon.
How much is Amazon’s Revenue?
Amazon India marketplace posted Rs 16,200 crore as its revenue from operations in FY21, which was a 49% increase from Rs 10,847.6, which it saw in FY20. On the other hand, the Amazon Wholesale business of India has witnessed a 7% drop in its operational revenue, which was recorded at Rs 3384 crore in FY20 and became Rs 3131 crore during FY21.
What are Amazon’s keys to success?
A huge number of SKUs, Table of Contents, Free Shipping and Returns, Overnight Delivery, Incredible Customer Service, and Talented Management is the Amazon’s keys to success.
How long did it take Amazon to make a profit?
It took Amazon more than 14 years—58 quarters after its initial public offering to make, as much profit as it produced in the latest quarter.
What is Amazon’s launch year?
Amazon was launched in 1994.
Who is the founder of Amazon?
The founder of Amazon is Jeff Bezos, who is also known as the creator of Amazon.
Amazon.com is one of the well-known e-commerce platforms based in the United States. It is one of the big five IT companies of the United States along with the tech giants Google, Facebook, Apple and Microsoft. The CEO and the founder of the company Jeff Bezos have announced that he would step down from his position of CEO on July 5. Let’s look at the reason, Why he decided to step down as CEO of the company.
Amazon CEO and the founder Jeff Bezos had announced in the Annual Shareholder Meeting of the company that he would step down as the CEO of the company he had founded around 3 decades ago on 5 July 2021.
The company had previously announced about the transition plan of the CEO and is also noted that Jeff Bezos would not stay away from the company and would remain close to the company taking the major decisions of the company staying as an executive chairman.
Reason Why Jeff Bezos is stepping down as Amazon’s CEO
Jeff Bezos has conveyed that moving to the executive role he would be closely connected to the company and the decision-making process as well as being able to focus on a lot of other works.
Jeff Bezos had conveyed that he is very excited to move into the chief executive chairman position of the company where he would be able to focus his energy and attention on new initiatives and products.
It is expected that Jeff Bezos is stepping down as the CEO in order to focus on his other initiatives such as Blue Origin Spaceship company, Bezos earth Fund, Amazon Day 1 Fund and The Washington Post.
Jess Bezos had also conveyed that he would hand over the position of CEO to Andy Jassy who has been a part of Amazon from the year 1997. He was the one who launched Amazon’s most profitable segment which is the AWS cloud computing division in the year 2006.
In the year 2020, the revenue generated from AWS was around USD 45.3 billion and delivered an operating margin of 30 %. One of the recent achievements by Andy Jassy before the official handing over of the CEO position is to bring back the former senior executive of the company Jeff Blackburn.
Reason Why Jeff Bezos chose 5 July as the date to step down
Jeff Bezos during the Shareholder meeting conveyed that there was an emotion behind choosing the date 5 July as the day to hand over the CEO position. He added that he chose the date as it was sentimental for him. July 5 is when Amazon has incorporated 27 years ago exactly on the same date in the year 1994.
Bezos had even spoke about Andy Jassy providing an assurance for the shareholders that he would never let the company down and has the highest standards and the energy that is required to keep the company alive and special. He also mentioned about the deal where Amazon had acquired MGM studios.
Conclusion
Amazon has always made sure to keep its succession plans quiet but however certain spectators have predicted the successor to be Andy Jassy. The contribution of Andy Jassy to the firm Amazon is innumerable and the same would be expected from the new position which he would undertake.
FAQ
How much Amazon stock does Andy Jassy own?
Andy Jassy owns over 1,250 units of Amazon.com stock which is worth over $280,268,736.
How much does Jeff Bezos make an hour?
Jeff Bezos earned an average of $13.4 million per hour during the pandemic.
Who will be the next CEO of Amazon?
Andy Jassy will be the next CEO of Amazon, he has launched Amazon’s most profitable segment which is the AWS cloud computing.