Jeff Bezos will officially step down as Amazon CEO on Sunday.
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Today is Jeff Bezos’ last day as Amazon CEO, ending a remarkable 27-year run that saw the e-commerce giant become one of the most valuable public companies in the world, with a market capitalization of $1.8 trillion. In the process, his fortune has increased by 12,425%—up by $196 billion since 1998, when he first appeared on The Forbes 400 list of richest Americans with a net worth of $1.6 billion. Now, he’s worth nearly $202 billion, making him the richest person on Earth.
Bezos will still stay on as Amazon’s executive chairman, while Amazon Web Services chief Andy Jassy—who joined the e-retailer in 1997—will take over day-to-day operations as CEO on July 5. Bezos won’t be as involved with the company he founded in 1994; he’ll instead focus on his other interests, including his charities—the Bezos Day One Fund and the Bezos Earth Fund—as well as his…