Leaving on a high note! Jeff Bezos owns $240 billion of Amazon stock, documents exclusively obtained by OK! reveal — just one day after the businessman announced he would be stepping down from the e-commerce company.
According to the documents — dated January 13, 2021 — from the Securities and Exchange Commission, the 57-year-old owns 70,787,682 shares. With Amazon trading around $3,400 per share, that would imply Bezos’ 71 million shares are worth approximately $240 billion dollars.
On Tuesday, February 2, Bezos — who has been with Amazon for 30 years — revealed he would no longer be the CEO, and instead, would hand the reins over to Amazon Web Services CEO Andy Jassy.
Bezos will become executive chairman.
“Amazon is what it is because of invention. We do crazy things together and then make them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more," he said in a statement.
He continued, "If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.”
Bezos also announced what he intends to focus on going forward.
“As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions,” he wrote in an email to Amazon employees. “I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have.