AMAZON founder Jeff Bezos has announced he will be stepping down as CEO of the company.
But who is the multi-billionaire Amazon founder, how did he start the gigantic tech company and what is his net worth? Here's what you need to know…
Who is Jeff Bezos?
Jeff Bezos is the founder and CEO of online marketplace Amazon.
The businessman studied electrical engineering and computer science at Princeton University before working on Wall Street.
In 1994, Bezos, 56, founded Amazon from a garage – five years later he was named Time magazine's person of the year.
As well as Amazon the tech giant is the founder of Blue Origin, a company working to develop commercial space travel.
He also owns the Washington Post and is a volunteer firefighter.
Bezos is a massive Star Trek fan and had a cameo in the last movie, playing an alien Starfleet official.
On February 2, he announced he will be stepping down as CEO of Amazon later this year, and will pass the reins to Andy Jassy.
What is Jeff Bezos' net worth?
Jeff Bezos' estimated net worth is around $196billion (£143billion), according to Forbes.
He owns an 11 per cent stake in Amazon and well as the Washington Post
Last August, Bezos became the first person in human history to amass a net worth over $200 billion.
This milestone came as Amazon reported a blowout holiday quarter, with profits more than doubling to $7.2billion and revenue jumping 44 per cent to $125.6billion.
The record revenues for its core Christmas quarter saw the company exceed $100billion for the first time with help from the coronavirus pandemic.
Amazon is now worth $1.6trillion.
As the CEO, Bezos reportedly has a salary of $1.68million.
Is Jeff Bezos the richest man in the world?
According to Forbes' real-time billionaires list, Bezos is indeed the richest man in the world.
The 57-year-old ranks above Elon Musk, whose net worth is around $188billion (£134billion).
Bezos owes much of his wealth to the success of Amazon, but he also owns The Washington Post and Blue Origin, an aerospace company that is developing rockets for commercial use.
When did Bezos found Amazon?
Bezos wrote down the business plan for Amazon during a cross-country drive from New York to Seattle in 1994.
He initially set up the company in his garage after leaving his job at the hedge fund.
In May 2016, Bezos sold slightly more than one million shares of his holdings in the company for $671million (£525million).
On August 4, 2016, he sold one million of his shares at a value of $756.7million (£592.4million).
How much did Jeff Bezos' divorce cost?
Jeff Bezos married novelist MacKenzie Bezos in 1993 after meeting while working at a New York hedge fund.
They went on to have four children together.
On January 10, 2019, Bezos and wife MacKenzie revealed their 25-year marriage was over in a joint statement.
The divorce between the pair was finalised in April 2019, with Jeff keeping 75 per cent of the couple's stock — amounting to about £81billion.
The divorce settlement was agreed at at least $35billion (£27billion), and MacKenzie also kept a four per cent stake in Amazon.
Since splitting, MacKenzie Bezos has stayed away from the limelight, while her former husband has become a fixture in the tabloids with Lauren Sanchez, his new girlfriend.
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