Advert

Jeff Bezos Officially Retires With Twice As Much Money As The Entire British Monarchy

Published 

Jeff Bezos Officially Retires With Twice As Much Money As The Entire British MonarchyPA/Shutterstock

Jeff Bezos will officially retire on Monday, July 5, and he’ll be taking $197 billion (USD) to cover his pension.

Amazon had an incredibly profitable year in 2020 as people increasingly turned to online retailers during the global pandemic. As a result, Bezos, the founder and CEO of the company, saw his personal wealth skyrocket, growing by more than $75 billion (USD).

Advert

The world’s richest person now intends to retire on a special day. On July 5, 1994, Bezos launched Amazon as an online bookstore and he will retire on the 27th anniversary of this date.

Jeff Bezos (PA Images)PA Images

The fortunes of the company and its creator drastically improved over years, best evidenced by the fact Bezos is going into space days after he retires.

In terms of wealth, Bezos will retire with twice as much as money the entire British royal family, who have roughly $88 billion as of 2017. Furthermore, Insider has reported that his fortune is 739,489 times the median net worth of an American at the age of 65. Additionally, the billionaire will have more money than some GDPs of entire countries as he steps down from Amazon.

Advert

Amazon will continue once Bezos takes his leave. Andy Jassy, the current CEO of Amazon Web Services, will take over as the CEO of the entire company. While this will undoubtedly be a profitable endeavour, the company still faces challenges.

Most notably, many employees at Amazon have reportedly had to live on food stamps and work in poor conditions while the company as a whole profits. This has led to calls for radical change within the retail company.

If you have a story you want to tell, send it to UNILAD via [email protected]

Topics: Technology, Amazon, Jeff Bezos, Now, retirement, Tech

Daniel Richardson
More like this
Advert
Advert
Advert

Chosen for YouChosen for You

News

Alec Baldwin says 'everyone on Rust set knows who to blame for Halyna Hutchins' death'

an hour ago

Most Read StoriesMost Read

Mum gives her son lessons at home so he's prepared for a school shooting

17 hours ago