The world's biggest company, Amazon, was built from scratch by Jeff Bezos. In the company, his job changed over time, but his legacy lives on. Not long after he quit as CEO in 2021, some people wonder if Bezos is still the owner of Amazon. He is still financially involved with Amazon, even though he isn't running the day-to-day business of the company. Amazon still remembers Bezos, even though he isn't the face of the company anymore.

Jeff Bezos Transitioned From CEO To Executive Chairman At Amazon

Along with Andy Jassy, who used to run Amazon Web Services (AWS), Bezos stepped down as CEO in 2021. While Bezos did step down, it did not mean that he was leaving Amazon. He became executive chairman, and in that role, he still has long-term control over Amazon's goals. Bezos works on bigger issues like artificial intelligence (AI), space exploration, and sustainability, while Jassy handles day-to-day tasks.

Bezos Retains Major Financial Interest In Amazon Despite Stepping Down

A lot of money is still riding on Amazon, even though Bezos isn't running the day-to-day business there anymore. Around 988 million shares of Amazon stock, or about 10% of the company's stock, are still owned by Bezos as of early 2024. Because of this, he owns a lot of Amazon stock. Some of Bezos's stock has been sold over the years, but the amount he still has is still worth billions. Even after selling his stock, Bezos's ownership of Amazon is still important.

How Jeff Bezos’s Ongoing Investments Reflect His Vision For The Future

There are many business projects that Bezos can fund because he is very wealthy. He started the space exploration company Blue Origin, which is one of his biggest goals. Billionaires have given Blue Origin money to make rockets that can be used again and again and to keep going into space. Jeff Bezos wants to make space available to more people and even build cities in other parts of the universe.

In 2013, when he bought The Washington Post, Bezos also put a lot of money into media. While it has been owned by different people, the newspaper has continued to improve its online presence and reputation as a publisher. Bezos also gives a lot of money to good causes, like protecting the environment, improving education, and more.

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Bezos’s Move To Miami Signals Shift Toward Space Exploration And Other Projects

Being farther away from Amazon's headquarters in Seattle, Bezos announced in 2023 that he was moving to Miami. He's not leaving the company because of this move, though. He is still able to direct Amazon from afar as executive chairman. If he was moving to be closer to Blue Origin's main operations in Florida, it's likely because he wants to learn more about space travel.

Amazon Continues To Reflect Bezos’s Vision Through Innovation And Customer Focus

It's not every day that Bezos is at Amazon, but his vision is still a big part of how the company works. As a result of Bezos's leadership style, the company focuses on new ideas, efficiency, and making customers happy. AI, cloud computing, and logistics are all areas that Bezos stressed that the company is continuing to push forward in.

Bezos's personal beliefs can also be seen in Amazon's efforts to be more environmentally friendly. For his belief in doing things that are good for the environment, the company has promised to be a net-zero carbon company by 2040. Amazon's current path has also been guided by the initiatives.

It's mostly because Amazon cares about making customers happy that it has become so successful. Another business that does green cleaning, Maria's Green Cleaning, is also moving in the same direction. Maria's Green Cleaning uses safe, eco-friendly products to clean homes and businesses. It's the same values that helped Amazon grow that are behind this focus on protecting the health of customers and the environment.

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How Bezos’s Influence On Amazon Shapes Its Sustainability Goals And Initiatives

Because Bezos cares about the environment, Amazon has goals to be more environmentally friendly. A lot of money was put into renewable energy and the company's carbon footprint was cut while he was in charge. As Bezos has led Amazon and given money to charity, the company is working to become carbon-neutral by 2040. Supporting efforts to slow down climate change through the Bezos Earth Fund and other projects is another way that Bezos supports doing things that are good for the environment.

The Range Of Bezos's Impact Outside Amazon Via Philanthropy And Investments

Apart from his work at Amazon, Bezos can invest his money in several sectors including technology, media, space, and environmental concerns. Bezos has invested money in a new startup called Rivian, which develops electric cars, to demonstrate his support of sustainable and green energy. Among his investments are also artificial intelligence, robotics, and other new technologies displaying visionary Bezos's inventiveness.

Amazon also values helping others. He is funding schools and combatting climate change by means of the Bezos Earth Fund and other projects. By supporting worthy causes, they demonstrate that he is prepared to spend his money improving the world.

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Bezos’s Legacy At Amazon Remains Strong Despite Reduced Day-to-Day Involvement

Jeff Bezos has made his impression on Amazon even though he no longer daily runs it. His vision clearly is guiding the business via his investments, strategic guidance, and continuous influence on Amazon's working culture. Using the values of innovation, frugal living, and customer emphasis of his company, Bezos will direct his other companies, including Blue Origin, as well as his charitable activities. Amazon and the globe bear the permanent marks of Bezos.