Amazon provides India most trusted online store whose former CEO Jeff Bezos’s salary is comparatively found less than the new CEO Jassy. He is ready to take over the position from Bezos.
Jassy had joined the company after three years of its foundation year in 1997. His actual contribution was to find Amazon Web Services which is basically a cloud hosting product. Many of the global companies like Netflix and Capital One use this for the purpose of storing power and computing. This was certainly a big new step for the company that enhanced its capacity and popularity. It was revealed in a study that Amazon holds about half of the world’s public cloud infrastructure market. This is the biggest source of earning for the company which makes it more influential and powerful from time to time.
Who has a higher salary?
As per the calculation, you will be surprised to know that Jassy has a higher yearly salary in comparison to Jeff Bezos. The records say that Bezos has earned nearly $82,000 last year on the other side, Jassy has taken home around $350,000 last year which is way higher than Bezos. This calculation includes so many factors in which both of them are commonly a participant. A great part of the salary depends upon AWS too.
Alongside, the true amount is attained from the stock bonuses. These stock bonuses are awarded to them from time to time along with their salary which is strong enough to create a huge difference in their salaries. The most beautiful year was 2017 for Jassy when he had earned more than $35 million because the total stock brought counted up to $12.2 billion. Besides, Jeff Bezos could earn around $81,000 which is though a handsome salary. Bezos had been having shares in the company too which lift up his salary amount.
According to the reports of November 2020, Andy Jassy’s net worth was estimated at around $400 million. And he currently owns more than 26 thousand units of Amazon Stock which would worth around $280,000,000. It proves that his net worth is marvelously higher than the estimated $188 billion. It is nothing too surprising that he is the richest man in the world.