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Jeff Bezos’ net worth reaches a staggering $214 billion

Jeff Bezos' net worth reaches a staggering $214 billion

LATEST FINANCIAL NEWS

Jeff Bezos’ net worth reaches a staggering $214 billion

Amazon CEO Jeff Bezos stepping down, Andy Jassy to take roleAmazon announced that founder and CEO Jeff Bezos will step down in the summer of 2021, handing off the retail juggernaut to Andy Jassy.staff video, USA TODAYThe richest continue to get richer.Amazon founder and former CEO Jeff Bezos is now worth $214 billion, according to the latest data from Bloomberg Billionaires Index, as of Thursday.The figure puts Bezos, the richest person in the world, well ahead of the entrepreneur second on the list: Tesla and SpaceX CEO Elon Musk at $179 billion.Last year, reports CNBC, Bezos became the first person to top the $200 billion threshold when his net worth reached $202 billion.On Tuesday, shares of Amazon climbed more than 4% after the Pentagon canceled a cloud computing contract with Microsoft that Amazon disputed, claiming it was tainted in part by former President Donald Trump’s public criticism of Bezos and Amazon.Earlier this week, Bezos formally stepped down as CEO of Amazon but will remain with the tech giant he built as an executive chairman. Andy Jassy, who had been running Amazon Web Services, will assume the CEO role.Meanwhile, later this month, Bezos plans to embark on a trip to space aboard the New Shepard, a vessel created by his aerospace firm, Blue Origin. It’s launching its first manned spaceflight on July 20.Contributing: The Associated Press. Follow Brett Molina on Twitter: @brettmolina23.’I’d rather work’: Debate rages as states cut unemployment and workers seek jobs, better payCredit card limit increases: Why accepting one is usually a good idea


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