<p>Amazon founder Jeff Bezos is part of a consortium led by Amit Bhatia, the son-in-law of Indian steel tycoon Lakshmi Mittal, alongside Facebook co-founder Eduardo Saverin, which is nearing a deal to buy a one-third stake in the Premier League club Liverpool FC. The club owners, Fenway Sports Group (FSG), confirmed the approach from the Bhatia-led group last month.<br>&nbsp;</p><p>"An investment consortium led, managed, and represented by Amit Bhatia has expressed interest in making a strategic minority investment in Liverpool Football Club," an FSG spokesman said in a statement to AFP.<br>&nbsp;</p><p>Bhatia was until recently a shareholder in Championship club Queens Park Rangers. Meanwhile, a Sky Sports report claims that the consortium was "closing in on a deal to buy a roughly one-third stake in Liverpool", with FSG preparing to announce it "as soon as this week".</p><p>&nbsp;</p><p><strong>Also read| </strong><a href="https://www.wionews.com/sports/jose-mourinho-manchester-united-2013-sir-alex-ferguson-chelsea-1786359930223"><strong>'Special One' Jose Mourinho admits he almost joined Manchester United in 2013</strong></a><br>&nbsp;</p><p>While Bezos, 62, is amongst the world's richest men, with a fortune of more than $280 billion, as estimated by Forbes magazine, Saverin's net worth is put at $33 billion.&nbsp;<br>&nbsp;</p><p>Besides, the business mogul Bezos has reportedly explored previous bids for the NFL's Seattle Seahawks and Washington Commanders, but decided against pursuing either deal.<br>&nbsp;</p><p>The report also states that the investment in Liverpool – part of an influx of American money into the Premier League - would reportedly value the club at $6 billion.<br>&nbsp;</p><p>Also, the owners of the Boston Red Sox baseball team, FSG, bought Liverpool in 2010 for £300 million ($405 million), later selling a minority stake in the club (in 2023) to US private equity group Dynasty Equity.<br>&nbsp;</p><p>The 20-time English champions, Liverpool, last won the Premier League title in 2024/25 under Arne Slot, but the Dutchman was sacked in May after a turbulent season.</p><p>&nbsp;</p><p><i>(With inputs from AFP)</i></p>

Amazon founder Jeff Bezos, alongside Facebook's Eduardo Saverin and an Amit Bhatia-led consortium, is close to acquiring a one-third stake in Liverpool FC at a $6 billion valuation. 

Amazon founder Jeff Bezos is part of a consortium led by Amit Bhatia, the son-in-law of Indian steel tycoon Lakshmi Mittal, alongside Facebook co-founder Eduardo Saverin, which is nearing a deal to buy a one-third stake in the Premier League club Liverpool FC. The club owners, Fenway Sports Group (FSG), confirmed the approach from the Bhatia-led group last month. "An investment consortium led, managed, and represented by Amit Bhatia has expressed interest in making a strategic minority investment in Liverpool Football Club," an FSG spokesman said in a statement to AFP. Bhatia was until recently a shareholder in Championship club Queens Park Rangers. Meanwhile, a Sky Sports report claims that the consortium was "closing in on a deal to buy a roughly one-third stake in Liverpool", with FSG preparing to announce it "as soon as this week". Also read| 'Special One' Jose Mourinho admits he almost joined Manchester United in 2013 While Bezos, 62, is amongst the world's richest men, with a fortune of more than $280 billion, as estimated by Forbes magazine, Saverin's net worth is put at $33 billion. Besides, the business mogul Bezos has reportedly explored previous bids for the NFL's Seattle Seahawks and Washington Commanders, but decided against pursuing either deal. The report also states that the investment in Liverpool – part of an influx of American money into the Premier League - would reportedly value the club at $6 billion. Also, the owners of the Boston Red Sox baseball team, FSG, bought Liverpool in 2010 for £300 million ($405 million), later selling a minority stake in the club (in 2023) to US private equity group Dynasty Equity. The 20-time English champions, Liverpool, last won the Premier League title in 2024/25 under Arne Slot, but the Dutchman was sacked in May after a turbulent season. (With inputs from AFP)

<p>Amazon founder Jeff Bezos, alongside Facebook's Eduardo Saverin and an Amit Bhatia-led consortium, is close to acquiring a one-third stake in Liverpool FC at a $6 billion valuation.&nbsp;</p>

Amazon founder Jeff Bezos nears deal for one-third stake in Liverpool FC

<p>Amazon founder Jeff Bezos and his fiancée, Lauren Sánchez, a journalist, are set to tie the knot in a lavish wedding in Venice, Italy. Preparations are in full swing, and guests have arrived from across the world. From India, philanthropist Natasha Poonawalla is reportedly attending the wedding, though there is no official confirmation. She's among the high-profile names invited: Ivanka Trump, Beyoncé, Leonardo DiCaprio, Bill Gates, and Orlando Bloom</p><p>The bride and groom have arrived in picturesque Venice for their wedding scheduled for June 27, 2025, followed by a three-day celebration.</p><p>Natasha Poonawalla at Jeff Bezos and Lauren Sánchez's wedding</p><p>Natasha Poonawalla, a socialite known for her fascinating and outstanding fashion. The socialite-cum-entrepreneur, who also serves as the Chairperson of Serum Life Science, is said to have an extensive network among the global elites. &nbsp;Reports suggest she is friends with Jeff Bezos and Lauren Sánchez.</p><p>On Thursday, Natasha teased her followers with a post that hinted that she would be in Venice to attend the multi-million-dollar wedding.</p>

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<p>Sharing a small video on her Instagram handle, Poonawalla wrote, '' Celebrating Love ❤️ #Venice ❤️.''</p><p>In the video shared on her Instagram handle, Natasha is seen wearing a dramatic strapless dress at a pre-wedding gala. The dress, designed by Jean Paul Gaultier for AZ Factory’s Spring 2022 “Love Brings Love” collection, featured a bold red mini-dress with a large heart-shaped design and fringed details. She styled her hair in a ponytail and accessorised with a necklace featuring heart-shaped diamonds, adding sparkle to her look.</p><p>Natasha’s outfit received a thumbs-up from several people, including bride Lauren Sanchez, who dropped two heart emojis in the clip. However, the winged eyeliner and mascara added more glam.</p><p>Who is Natasha Poonawalla?</p><p>Natasha Poonawalla is a prominent figure in the fashion world, known for her philanthropy and business achievements. She is married to Adar Poonawalla, one of India’s wealthiest men. As the Chairperson of the Villoo Poonawalla Foundation and Executive Director of the Serum Institute of India, she plays a significant role in her business sphere.</p>

Natasha Poonawalla, a socialite known for her fascinating and outstanding fashion. The socialite-cum-entrepreneur, who also serves as the Chairperson of Serum Life Science, is said to have an extensive network among the global elites. 

Amazon founder Jeff Bezos and his fiancée, Lauren Sánchez, a journalist, are set to tie the knot in a lavish wedding in Venice, Italy. Preparations are in full swing, and guests have arrived from across the world. From India, philanthropist Natasha Poonawalla is reportedly attending the wedding, though there is no official confirmation. She's among the high-profile names invited: Ivanka Trump, Beyoncé, Leonardo DiCaprio, Bill Gates, and Orlando Bloom The bride and groom have arrived in picturesque Venice for their wedding scheduled for June 27, 2025, followed by a three-day celebration. Natasha Poonawalla at Jeff Bezos and Lauren Sánchez's wedding Natasha Poonawalla, a socialite known for her fascinating and outstanding fashion. The socialite-cum-entrepreneur, who also serves as the Chairperson of Serum Life Science, is said to have an extensive network among the global elites. Reports suggest she is friends with Jeff Bezos and Lauren Sánchez. On Thursday, Natasha teased her followers with a post that hinted that she would be in Venice to attend the multi-million-dollar wedding.

<p>Natasha Poonawalla, a socialite known for her fascinating and outstanding fashion. The socialite-cum-entrepreneur, who also serves as the Chairperson of Serum Life Science, is said to have an extensive network among the global elites.&nbsp;</p>

The only Indian at Jeff Bezos and Lauren Sanchez's wedding, have net worth of Rs 6.6 billion. Who is she?

<p>Amazon Founder Jeff Bezos will be reportedly getting married to his longtime fiancée Lauren Sanchez this year soon in Venice, Italy. The couple got engaged in May 2023 and since their wedding has become the topic of discussion. Now, several reports have surfaced that the wedding party of the couple has been cancelled. But, what is the main reason behind this hurdle?</p><h2>Why has Bezos and Sanchez's wedding party been cancelled?</h2><p>Seems like the duo might have to face the obstacle of not being able to walk the aisle once again! According to reports, protests in Venice are making the chances of the couple getting married bleak. As per the report of Daily Mail, the locals are outraged about the couple taking over the city for the planned three-day festivities.</p><p>&nbsp;</p><p><strong>Also Read: </strong><a href="https://www.wionews.com/entertainment/lifestyle/kolhapuri-slippers-for-rs-100-000-prada-s-new-luxury-footwear-gets-slammed-on-internet-1750690420656"><strong>Kolhapuri slippers for Rs 100,000? Prada’s new luxury footwear gets slammed on Internet</strong></a></p><p>&nbsp;</p><p>Reportedly, a team of former US marines have been hired to provide security for the event, which will take place from June 26 in the iconic lagoon city. The local media had reported that the party was supposed to take place at the Scuola Graned della Misericordia but now has been moved to another venue in the Arsenale area. Reports suggest that a meeting will be taking place between local authorities and police and security teams to discuss the wedding.</p><p>&nbsp;</p><p><strong>Also Read: </strong><a href="https://www.wionews.com/entertainment/lifestyle/uk-s-kate-middleton-princess-of-wales-pulls-out-of-royal-ascot-race-meeting-1750298229282"><strong>UK's Kate Middleton, Princess of Wales, pulls out of Royal Ascot race meeting</strong></a></p><p>&nbsp;</p><p>High-profile guests including US President Donald Trump and his family, Katie Perry and Kim Kardashian among other are rumoured to be attending the wedding, will take place over the island of San Giorgio opposite the iconic St Mark's Square. Prior to this, the couple were planning to tie the knot in the winter of 2024 in Aspen, Colarado, as per <i>The Hollywood Reporter,</i> had to be rescheduled because of their prenuptial agreement wasn't finalized.&nbsp;</p><p>&nbsp;</p><p>Ahead of their wedding, Jeff Bezos and Lauren were spotted enjoying their foam-filled party on Amazon founder's $500 million superyacht Koru, which has been anchored off the scenic island of Cres, Croatia. &nbsp;<br>&nbsp;</p><p><strong>Also Read: </strong><a href="https://www.wionews.com/entertainment/lifestyle/meghan-markle-talks-about-her-viral-video-delivery-room-says-you-have-to-be-authentic-1750182395260"><strong>Meghan Markle talks about her viral video from delivery room, says, 'you have to be authentic’</strong></a></p><h2>Jeff Bezos and Lauren Sanchez's relationship timeline</h2><p>The couple made their relationship public in 2018. Lauren and The Amazon founder who was married to novelist Mackenzie Tuttle in 1993, got married in April 2019. &nbsp;They are parents to four children- three sons and a daughter adopted from China.</p><p>&nbsp;</p><p><strong>Also Read: </strong><a href="https://www.wionews.com/entertainment/lifestyle/the-labubu-craze-a-human-sized-doll-auctioned-for-over-150-000-1749658857722"><strong>The Labubu craze! A human-sized doll auctioned for over $150,000</strong></a></p><p>&nbsp;</p><p>Lauren Sanchez was married to Patrick Whiteshell, a Hollywood agent and founding partner of Endeavor Talent Agency in August 2005. They are parents to a son and daughter. The duo was divorced in October 2019.&nbsp;</p>

As per reports, Jeff Bezos and Lauren Sanchez's wedding, which is scheduled to take place in Venice, Italy is facing an obstacle. The couple made their relationship public in 2018.

Amazon Founder Jeff Bezos will be reportedly getting married to his longtime fiancée Lauren Sanchez this year soon in Venice, Italy. The couple got engaged in May 2023 and since their wedding has become the topic of discussion. Now, several reports have surfaced that the wedding party of the couple has been cancelled. But, what is the main reason behind this hurdle? Why has Bezos and Sanchez's wedding party been cancelled? Seems like the duo might have to face the obstacle of not being able to walk the aisle once again! According to reports, protests in Venice are making the chances of the couple getting married bleak. As per the report of Daily Mail, the locals are outraged about the couple taking over the city for the planned three-day festivities. Also Read: Kolhapuri slippers for Rs 100,000? Prada’s new luxury footwear gets slammed on Internet Reportedly, a team of former US marines have been hired to provide security for the event, which will take place from June 26 in the iconic lagoon city. The local media had reported that the party was supposed to take place at the Scuola Graned della Misericordia but now has been moved to another venue in the Arsenale area. Reports suggest that a meeting will be taking place between local authorities and police and security teams to discuss the wedding. Also Read: UK's Kate Middleton, Princess of Wales, pulls out of Royal Ascot race meeting High-profile guests including US President Donald Trump and his family, Katie Perry and Kim Kardashian among other are rumoured to be attending the wedding, will take place over the island of San Giorgio opposite the iconic St Mark's Square. Prior to this, the couple were planning to tie the knot in the winter of 2024 in Aspen, Colarado, as per The Hollywood Reporter, had to be rescheduled because of their prenuptial agreement wasn't finalized. Ahead of their wedding, Jeff Bezos and Lauren were spotted enjoying their foam-filled party on Amazon founder's $500 million superyacht Koru, which has been anchored off the scenic island of Cres, Croatia. Also Read: Meghan Markle talks about her viral video from delivery room, says, 'you have to be authentic’ Jeff Bezos and Lauren Sanchez's relationship timeline The couple made their relationship public in 2018. Lauren and The Amazon founder who was married to novelist Mackenzie Tuttle in 1993, got married in April 2019. They are parents to four children- three sons and a daughter adopted from China. Also Read: The Labubu craze! A human-sized doll auctioned for over $150,000 Lauren Sanchez was married to Patrick Whiteshell, a Hollywood agent and founding partner of Endeavor Talent Agency in August 2005. They are parents to a son and daughter. The duo was divorced in October 2019.

<p>As per reports, Jeff Bezos and Lauren Sanchez's wedding, which is scheduled to take place in Venice, Italy is facing an obstacle. The couple made their relationship public in 2018.</p>

Jeff Bezos and Lauren Sanchez's wedding party cancelled? Here's the truth

<p>Tech company co-founder has overtaken Jeff Bezos and Mark Zuckerberg and has become the second richest man in the world, according to a report by Fortune. His business's stock had an uplift, making him $40 million richer.</p><p>Oracle co-founder Larry Ellison, 80, has become the second richest man, with a fortune of $250.9 billion. He is not just behind Tesla CEO and American billionaire Elon Musk, who has a net worth of $405.8 billion.</p><p>Ellison owns nearly 41 per cent of the company's shares and after Oracle's stocks soared, his wealth jumped by $25 billion in a single day and grew by another $16 billion shortly after that.</p><p>The chairman and CTO of Oracle, enjoyed an 11-figure surge in net worth last week. Last Tuesday, the day before the company released its earnings report, Ellison's net worth was at $213 billion.</p><h2>Who is Larry Ellison?</h2><p>Larry Ellison, chairman and Chief Technology Officer of Oracle, co-founded Oracle in 1977 as a database software company. With years, it became a global cloud computing powerhouse.</p><p>This helped Ellison remain in the world's top 10 richest people's list.</p><p>The 80-year-old man is known for his bold personality and extravagant lifestyle as he bought 98% of Hawaii's sixth-largest island, Lanai, in 2012 for nearly $300 million.</p><p>Moreover, he is also licensed pilot and owns military aircraft.</p><p>Ellison has been a good friend of Elon Musk as well as a big investor in Tesla.</p><p>“I am not sure how many people know, but I’m very close friends with Elon Musk, and I’m a big investor in Tesla,” Ellison said in 2018. In several controversies, Ellison was also seen defending Musk.</p><p>Moreover, Ellison's net worth is not only surprising in comparison to single billionaires, but also surpasses the total GDP of several countries, according to IMF estimates.</p><h2>Countries with low GDP compared to Ellison's net worth</h2><ul><li>Hungary - $237 billion&nbsp;</li><li>Qatar - $222 billion</li><li>Ukraine - $205 billion&nbsp;</li><li>Nigeria - $188 billion</li><li>Morocco - $165 billion</li><li>Kuwait - $153 billion</li></ul>

Ellison owns nearly 41 per cent of the company's shares and after Oracle's stocks soared, his wealth jumped by $25 billion in a single day and grew by another $16 billion shortly after that.

Tech company co-founder has overtaken Jeff Bezos and Mark Zuckerberg and has become the second richest man in the world, according to a report by Fortune. His business's stock had an uplift, making him $40 million richer. Oracle co-founder Larry Ellison, 80, has become the second richest man, with a fortune of $250.9 billion. He is not just behind Tesla CEO and American billionaire Elon Musk, who has a net worth of $405.8 billion. Ellison owns nearly 41 per cent of the company's shares and after Oracle's stocks soared, his wealth jumped by $25 billion in a single day and grew by another $16 billion shortly after that. The chairman and CTO of Oracle, enjoyed an 11-figure surge in net worth last week. Last Tuesday, the day before the company released its earnings report, Ellison's net worth was at $213 billion. Who is Larry Ellison? Larry Ellison, chairman and Chief Technology Officer of Oracle, co-founded Oracle in 1977 as a database software company. With years, it became a global cloud computing powerhouse. This helped Ellison remain in the world's top 10 richest people's list. The 80-year-old man is known for his bold personality and extravagant lifestyle as he bought 98% of Hawaii's sixth-largest island, Lanai, in 2012 for nearly $300 million. Moreover, he is also licensed pilot and owns military aircraft. Ellison has been a good friend of Elon Musk as well as a big investor in Tesla. “I am not sure how many people know, but I’m very close friends with Elon Musk, and I’m a big investor in Tesla,” Ellison said in 2018. In several controversies, Ellison was also seen defending Musk. Moreover, Ellison's net worth is not only surprising in comparison to single billionaires, but also surpasses the total GDP of several countries, according to IMF estimates. Countries with low GDP compared to Ellison's net worth Hungary - $237 billion Qatar - $222 billion Ukraine - $205 billion Nigeria - $188 billion Morocco - $165 billion Kuwait - $153 billion

<p>Ellison owns nearly 41 per cent of the company's shares and after Oracle's stocks soared, his wealth jumped by $25 billion in a single day and grew by another $16 billion shortly after that.</p>

Net worth tops GDP of 6 nations: THIS tech tycoon overtakes Bezos, Zuckerberg to become second richest man — Who is he?

A sharp rise in Oracle stock, post a strong quarterly earnings report are responsible for increasing Ellison’s net worth by $26 billion in a single day. 

This tech Billionaire replaces Jeff Bezos as second richest, Elon Musk maintains top spot

<p>Jeff Bezos' surprise move to step down as chief executive of Amazon.com Inc quashed Wall Street optimism about bumper quarterly results, but analysts were upbeat on the promotion of its cloud computing head to the top job.</p>

<p>Andy Jassy has long been considered a strong contender for the top job since Amazon.com Inc created two CEO roles in 2016 reporting to Bezos, the other held by recently retired consumer CEO Jeff Wilke.</p>

<p>However, few were expecting Bezos to step down when the company on Tuesday reported sales above $100 billion for the first time in a hugely successful year delivering goods in the coronavirus pandemic.</p>

<p>"We expect Amazon's equity to trade higher ... but expect a more tempered response given the change in CEO," Citigroup analysts wrote in a research note.</p>

<p>Shares of the company, which gained about 76% in 2020, were up marginally on Wednesday morning at $3,444. They rose 8% since mid-January in the run-up to the results.</p>

<p>"The upside to the stock price is limited given the performance into the numbers and given what's coming in the next 3-6 months - the vaccine rollouts," said Keith Temperton, an equity sales trader at Forte Securities.</p>

<p>"Amazon model might be seen as starting to get a little bit expensive, given that people might start thinking about actually leaving their houses."</p>

<p>At least 17 brokerages raised their price target on Amazon and 46 brokerages have a "buy" or higher rating on the stock, according to data from Refinitiv Eikon.</p>

<p>Jassy, 53, joined Amazon in 1997 after Harvard Business School, founding Amazon Web Services, known as AWS, and growing it to a cloud platform used by millions of customers.</p>

<p>Analysts noted that Bezos, now among the world's richest men after starting Amazon as an internet bookseller in a garage 27 years ago, had already stepped back from much of the company's day-to-day operations.</p>

<p>J.P.Morgan analyst Doug Anmuth dismissed some concerns around Jassy's lack of experience in retail, saying that Jassy would continue Bezos' same core values and beliefs given similar operating cultures between the consumer and AWS businesses.</p>

<p>"As part of Amazon's S-team for years, Jassy has still been close to the Consumer business in which he originally started at Amazon," Anmuth said.</p>


Jeff Bezos' surprise move to step down as chief executive of Amazon.com Inc quashed Wall Street optimism about bumper quarterly results, but analysts were upbeat on the promotion of its cloud computing head to the top job.

Jeff Bezos' surprise move to step down as chief executive of Amazon.com Inc quashed Wall Street optimism about bumper quarterly results, but analysts were upbeat on the promotion of its cloud computing head to the top job. Andy Jassy has long been considered a strong contender for the top job since Amazon.com Inc created two CEO roles in 2016 reporting to Bezos, the other held by recently retired consumer CEO Jeff Wilke. However, few were expecting Bezos to step down when the company on Tuesday reported sales above $100 billion for the first time in a hugely successful year delivering goods in the coronavirus pandemic. "We expect Amazon's equity to trade higher ... but expect a more tempered response given the change in CEO," Citigroup analysts wrote in a research note. Shares of the company, which gained about 76% in 2020, were up marginally on Wednesday morning at $3,444. They rose 8% since mid-January in the run-up to the results. "The upside to the stock price is limited given the performance into the numbers and given what's coming in the next 3-6 months - the vaccine rollouts," said Keith Temperton, an equity sales trader at Forte Securities. "Amazon model might be seen as starting to get a little bit expensive, given that people might start thinking about actually leaving their houses." At least 17 brokerages raised their price target on Amazon and 46 brokerages have a "buy" or higher rating on the stock, according to data from Refinitiv Eikon. Jassy, 53, joined Amazon in 1997 after Harvard Business School, founding Amazon Web Services, known as AWS, and growing it to a cloud platform used by millions of customers. Analysts noted that Bezos, now among the world's richest men after starting Amazon as an internet bookseller in a garage 27 years ago, had already stepped back from much of the company's day-to-day operations. J.P.Morgan analyst Doug Anmuth dismissed some concerns around Jassy's lack of experience in retail, saying that Jassy would continue Bezos' same core values and beliefs given similar operating cultures between the consumer and AWS businesses. "As part of Amazon's S-team for years, Jassy has still been close to the Consumer business in which he originally started at Amazon," Anmuth said.

Jeff Bezos' shock exit cools Amazon results boost

<p>Amazon founder <strong>Jeff Bezos</strong>,57, announced that he would be stepping down from his role as chief executive officer(CEO) of the company later this year.</p>

<p><strong>Watch:</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/amazons-bezos-could-be-the-1st-trillionaire-on-earth-soon-298792/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Bezos said he will be handing over&nbsp;the role of the CEO&nbsp;to <strong>Andy Jassy</strong>, head of Amazon Web Services.</p>

<p>In a letter to Amazon employees, Bezos said he would "stay engaged in important Amazon initiatives", adding, "I've never had more energy, and this isn't about retiring."</p>

<p>"I'm super passionate about the impact I think these organizations can have."</p>

<p>Bezos had started the world's most valuable online retail company in 1994 and is currently the world's <strong>richest man</strong>, his other businesses include the private space firm <strong>Blue Origin</strong> and the <strong>Washington Post</strong>.</p>

<p>Bezos said Jassy "will be an outstanding leader, and he has my full confidence." "Right now I see Amazon at its most inventive ever, making it an optimal time for this transition," the Amazon founder said.</p>

<p>The<strong> Seatle</strong>-based company's market value is currently pegged at a whopping $1.69 trillion with Bezos personal fortune worth an estimated $196 billion.</p>

<p>Amazon has been growing exponentially in the past year&nbsp;with the company beating&nbsp;estimates for holiday-quarter sales with <strong>net sales</strong> rising to $125.56 billion in the fourth quarter ending December 31 from $87.44 billion.</p>


Amazon founder Jeff Bezos,57, announced that he would be stepping down from his role as chief executive officer(CEO) of the company later this year. Watch: Bezos said he will be handing over the role of the CEO to Andy Jassy, head of Amazon Web Services.

Amazon founder Jeff Bezos,57, announced that he would be stepping down from his role as chief executive officer(CEO) of the company later this year. Watch: Bezos said he will be handing over the role of the CEO to Andy Jassy, head of Amazon Web Services. In a letter to Amazon employees, Bezos said he would "stay engaged in important Amazon initiatives", adding, "I've never had more energy, and this isn't about retiring." "I'm super passionate about the impact I think these organizations can have." Bezos had started the world's most valuable online retail company in 1994 and is currently the world's richest man, his other businesses include the private space firm Blue Origin and the Washington Post. Bezos said Jassy "will be an outstanding leader, and he has my full confidence." "Right now I see Amazon at its most inventive ever, making it an optimal time for this transition," the Amazon founder said. The Seatle-based company's market value is currently pegged at a whopping $1.69 trillion with Bezos personal fortune worth an estimated $196 billion. Amazon has been growing exponentially in the past year with the company beating estimates for holiday-quarter sales with net sales rising to $125.56 billion in the fourth quarter ending December 31 from $87.44 billion.

Amazon CEO Jeff Bezos to step down

<p>Protesters gather in front of Amazon CEO Jeff Bezos' apartment in New York, calling for billionaires to be taxed. Amazon's profits nearly doubled to $5.2 billion since the start of the pandemic.</p>

<p>Bezos, the founder, president and chief executive of Amazon and Blue Origin, is worth $185.8 billion, according to Forbes.</p>

<p>Bezos's fortune has grown a whopping $56.7 billion in six months partly due to consumer shift towards purchasing products through the e-retailer amid the coronavirus pandemic leading to lockdowns in several parts of the world.</p>

<p>Amazon had earlier announced that it would pay $500 million as one-time bonuses to its frontline employees who were working during the coronavirus pandemic even as workers in Germany went on strike over safety concerns.</p>

<p>Apart from tax protest, Amazon workers are also coming out in protest of the company in larger numbers than they were during the early months of COVID-19, ever since Amazon ended its $2-per-hour hazard pay in early June and unlimited unpaid time off in late April.</p>

<p><em>(With inputs from AFP)</em></p>


Protesters gather in front of Amazon CEO Jeff Bezos' apartment in New York, calling for billionaires to be taxed. Amazon's profits nearly doubled to $5.2 billion since the start of the pandemic.

Protesters gather in front of Amazon CEO Jeff Bezos' apartment in New York, calling for billionaires to be taxed. Amazon's profits nearly doubled to $5.2 billion since the start of the pandemic. Bezos, the founder, president and chief executive of Amazon and Blue Origin, is worth $185.8 billion, according to Forbes. Bezos's fortune has grown a whopping $56.7 billion in six months partly due to consumer shift towards purchasing products through the e-retailer amid the coronavirus pandemic leading to lockdowns in several parts of the world. Amazon had earlier announced that it would pay $500 million as one-time bonuses to its frontline employees who were working during the coronavirus pandemic even as workers in Germany went on strike over safety concerns. Apart from tax protest, Amazon workers are also coming out in protest of the company in larger numbers than they were during the early months of COVID-19, ever since Amazon ended its $2-per-hour hazard pay in early June and unlimited unpaid time off in late April. (With inputs from AFP)

Activists organized a protest outside Jeff Bezos' New York penthouse

<p>Amazon founder Jeff Bezos’s net worth zoomed to $171.6 billion on Wednesday after the company's stocks surged 4.4 per cent.</p>

<p>The Amazon founder's ex-wife Mackenzie Bezos who had taken 4 per cent stake in Amazon after the couple divorced saw her fortunes rocket to $56.9 billion making her the second richest woman in the world. Bezos owns 11 per cent of stocks in Amazon.</p>

<p><a href="Also Read: Amid coronavirus pandemic, billionaires get richer as Americans lose jobs">Also Read:&nbsp;Amid coronavirus pandemic, billionaires get richer as Americans lose jobs</a></p>

<p>Bezos had earlier touched a high of $167.7 billion in 2018 making his current fortune the highest since his divorce even though he had ceded shares to his wife.</p>

<p>Bezos's fortune has grown a whopping $56.7 billion in six months partly due to consumer&nbsp;shift towards purchasing products through the e-retailer amid the coronavirus pandemic leading to lockdowns in several parts of the world.</p>

<p>Amazon had earlier announced that it would pay $500 million as one-time bonuses to its frontline employees who were working during the coronavirus pandemic even as workers in Germany went on strike over safety concerns.</p>

<p>In fact, the coronavirus crisis has come as a boon for another company founder as Tencent founder Pony Ma, 48, knocked out Alibaba founder Jack Ma as the richest man in China.&nbsp;</p>

<p>Pony Ma's company which makes video games benefited from the lockdown in China as people&nbsp;stayed home and played the popular games including&nbsp;"Honour of Kings", "PUBG Mobile" and "Clash of Clans" as the company cashed&nbsp;in on the changing online behaviour.</p>

<p>Pony Ma's fortune went up to $50 billion overpowering Jack Ma's $48 billion fortune even as China continues to grapple with the virus.</p>


Amazon founder Jeff Bezos’s net worth zoomed to $171.6 billion on Wednesday after the company's stocks surged 4.4 per cent. The Amazon founder's ex-wife Mackenzie Bezos who had taken 4 per cent stake in Amazon after the couple divorced saw her fortunes rocket to $56.

Amazon founder Jeff Bezos’s net worth zoomed to $171.6 billion on Wednesday after the company's stocks surged 4.4 per cent. The Amazon founder's ex-wife Mackenzie Bezos who had taken 4 per cent stake in Amazon after the couple divorced saw her fortunes rocket to $56.9 billion making her the second richest woman in the world. Bezos owns 11 per cent of stocks in Amazon. Also Read: Amid coronavirus pandemic, billionaires get richer as Americans lose jobs Bezos had earlier touched a high of $167.7 billion in 2018 making his current fortune the highest since his divorce even though he had ceded shares to his wife. Bezos's fortune has grown a whopping $56.7 billion in six months partly due to consumer shift towards purchasing products through the e-retailer amid the coronavirus pandemic leading to lockdowns in several parts of the world. Amazon had earlier announced that it would pay $500 million as one-time bonuses to its frontline employees who were working during the coronavirus pandemic even as workers in Germany went on strike over safety concerns. In fact, the coronavirus crisis has come as a boon for another company founder as Tencent founder Pony Ma, 48, knocked out Alibaba founder Jack Ma as the richest man in China. Pony Ma's company which makes video games benefited from the lockdown in China as people stayed home and played the popular games including "Honour of Kings", "PUBG Mobile" and "Clash of Clans" as the company cashed in on the changing online behaviour. Pony Ma's fortune went up to $50 billion overpowering Jack Ma's $48 billion fortune even as China continues to grapple with the virus.