Leaving an enduring legacy behind, Jeff Bezos will be stepping down as CEO of Amazon today, on July 5. The world’s second richest man will hand over the reins of Amazon to Andy Jassy and turn his attention to his private space exploration firm, philanthropy and other endeavors.
The 57 year old billionaire will not be retiring and take on the role of executive chairman of the executive board. In 27 years, under Jeff Bezos, Amazon grew up from a website to sell books to the world’s most powerful corporation- a $1.7 trillion company, shipping everything from toilet paper to pre-fabricated homes.
However, now he will turn his focus towards the things he is passionate and enthusiastic about- his space company, Blue Origin along with The Day 1, Earth fund and Washington Post.
Bezos has been thrilled about his upcoming adventures with his brother Mark into space. On July 20, billionaire Jeff Bezos, accompanied by his brother and aerospace pioneer Wally Funk (winner of a charity auction) will voyage into space on Blue Origin’s spacecraft.
Also Read: Jeff Bezos to fly to space next month, says 'It's a lifelong dream'
After investing billions of dollars and countless hours into his final frontier enterprise, Blue Origins, it appears that space-bound adventures will take center stage in his future plans. The company aims at making space travel more accessible to a wider range of individuals.
Meanwhile, being on the role of Amazon’s executive chairman, Bezos will turn his attention to new ventures and will seek to improve and make Amazon a better place to work. Also, he will be devoting more of his wealth and efforts to those in need through his philanthropic initiatives, including his Day 1 fund.
The Day 1 fund is oriented towards helping the homeless and supporting educational infrastructure.
Jeff Bezos will also focus on the Bezoz Earth Fund- a climate crisis management fund with a net value of roughly $10 billion. It was established to support scientists, activists and others who strive to improve the way climate change is managed.