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Jeff Bezos steps down from Amazon.

Jeff Bezos, the world's richest man, stepped down as Amazon CEO on last Monday (July 5, 2021). Bezos chose July 5 as it was exactly 27 years ago on that date in 1994 when he founded Amazon. 

However, the 57-year old, won't be going far from Amazon and will be the executive chair. The American business magnate will also focus on new products and initiatives. 

Jeff Bezos, the world's richest person for the fourth year running with a net worth over 20,180 crores USD, now plans to focus on his other ventures that include his rocket ship company, Blue Origin, and his newspaper, The Washington Post.

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