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Tag: Jeff Bezos

Jeff Bezos steps down as Amazon CEO

Amazon founder Jeff Bezos is stepping down as CEO of the company on Monday, handing his chief executive title to Andy Jassy. In February, Amazon announced that Bezos would transition from CEO to executive chair, saying he wanted to spend more time on his other ventures, including the Washington Post, space company Blue Origin, and philanthropy, reported CNN. Bezos will still have a heavy influence at the company as he’ll be its largest individual shareholder, a longtime mentor to the incoming CEO and he will still be the head of the board. As of last month, Bezos owned 51.2 million shares...

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British billionaire plans to beat Bezos to space

British billionaire Richard Branson plans to beat fellow billionaire Jeff Bezos to space. Virgin Galactic, Branson’s company, made the announcement on Thursday that Branson will attempt to fly in Virgin Galactic’s rocket-powered plane on July 11 — nine days before Bezos’ planned July 20 launch, reported CNN. The announcement puts Branson, rather than Bezos, in position to become the first billionaire to travel to space aboard a spacecraft he helped fund. Virgin Galactic had planned to start flying customers years ago, but its development program was set back by several...

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