Bezos is expected to transition to the executive chair position in the company.
Bezos also expressed confidence in Jassy’s ability to lead the company.
Bezos is one of the wealthiest people in the world, with Forbes reporting his net worth as $196.4 billion as of Tuesday. Bezos also owns The Washington Post and aerospace company Blue Origin.
“All large organizations attract the attention of regulators,” the post read, “and we welcome that scrutiny. But large companies are not dominant by definition, and the presumption that success can only be the result of anti-competitive behavior is simply wrong.”
The graphics below, provided by Statista, illustrate amazon’s growth over the years.
Update 2/3/21: This article was updated to include infographics.
