Andy Jassy is set to take over from Jeff Bezos as Amazon CEO, but how do their net worth and salaries compare? Read on to find out.
Jassy joined Amazon in 1997, three years after the company was founded. He went on to found Amazon Web Services, a cloud hosting product that millions of companies, including Netflix and Capital One, use for their storage power and computing needs.
According to reports, Amazon now owns almost half the world’s public cloud infrastructure market, which unsurprisingly makes them a lot of money. So, how does the service’s founder’s net worth work out? And how does it compare to Jeff Bezos?
Who has a higher salary?
In news that may surprise you, Andy Jassy actually has a higher yearly salary from Amazon than Jeff Bezos. The future CEO reportedly takes home $348,809 (£255,000) while Bezos has a reported salary of $81,840.
However, the true Amazon executives riches come from the stock bonuses they are awarded along with their salary. In 2017, Andy Jassy was the highest yearly earner at Amazon after AWS brought in $12.2 billion in profits, earning him $35.4 million in stocks.
That same year, Jeff Bezos received his $81,840 salary and no bonus stocks, considerably less than Jassy. However, Bezos’ wealth comes from his pre-existing Amazon shares.
Andy Jassy’s net worth vs Jeff Bezos’
The net worth of Andy Jassy is estimated to be $394 million as of November 2020, according to Wallmine. He reportedly owns 2,791 units of Amazon stock, which equals around $280,440,790.
Jeff Bezos’ net worth is however incredibly higher at an estimated $188billion, according to Celebrity Net Worth, making him the richest man in the world.