DAN HOWLEY: On July 5, Jeff Bezos, the richest person on Earth, will officially step down as CEO of the company he founded in 1994. Amazon will continue to exist, of course. It’s one of the wealthiest publicly traded companies in the world with a market capitalization of $1.7 trilion
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As for Bezos, he’ll remain as the company’s chairman of the board and continue to own a 10.3% stake in the company. Outside of Amazon, he’ll spend more time with his space efforts at Blue Origin.
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Source: Jeff Bezos Steps Down as Amazon’s CEO After 27 Years
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