Aws ceo andy jassy net worth10/7/2023 ![]() ![]() Her father worked in the same law firm as Jassy’s father. In 1997, Jassy married Elana Rochelle Caplan, a fashion designer for Eddie Bauer. In 2020, for his work as CEO of AWS, Jassy earned a base compensation of $175,000, plus a restricted stock unit awards. As of November 2020, Jassy’s estimated net worth is $377 million. In 2016, 13 years later after he built AWS, Jassy was promoted as the CEO of Amazon Web Services, his salary in 2017 touching $36 million, with the division making booming profits. In 2019, it was reported more than 80 percent of Germany’s listed DAX companies use AWS. Notable companies that use AWS include Apple, Adobe, BMW, Comcast, Capital One, Disney, Expedia, General Electric, Lonely Planet, McDonalds, NASA, Netflix, Nokia, Pinterest, Samsung, Spotify, Sony, Turner Broadcasting, Time Inc, Twitter, US Navy, Zillow among others. It now commands 33 percent of all cloud computing, with Microsoft at 18 percent and Google, at 9 percent respectively. By 2006, 150,000 developers had signed up to use AWS. But running its business with a lot of hiccups and cumbersome technology gave Bezos, Jassy and their team the confidence that they should come with a solution to solve problems that many other big and small companies have, and will have when they start and expand their business.ĪWS is offered to subscribers as an inexpensive, yet effective solution for procuring large scale computing capacity quickly than building an actual physical server farm. Amazon’s early customers were startups and the company built the business quietly and resiliently.Ĭloud computing was not a natural goal for Amazon, which started off as an online retail company. ![]() A lot of companies including huge corporate kings like Oracle dismissed the idea, but the concept proved to be successful eventually. He sought to simplify cloud computing into component pieces and offer them on rent to users, individuals and companies. It was created with the idea of redefining web services and the way companies bought technology. In 2003, Jassy founded Amazon Web Services, with a team of 57 people. ![]() He becomes the marketing manager of Amazon, back 1997. He went on to secure an MBA from the Harvard Business School. He was also the advertising manager of The Harvard Crimson, the student newspaper run by Harvard College undergraduates.Īfter graduation, Jassy worked as a project manager for a collectible company, called MBI. Academically sharp, Jassy graduated from Harvard College with Honors. His father was a senior partner and chairman in a law firm called Dewey Ballantine in New York. He grew up in Scarsdale, and attended Scarsdale High School. Andy Jassy is also one of the owners of the Seattle Krakken, of the National Hockey League.īorn on January 13, 1968, Andy Jassy is the son of Margery and Everett L. Amazon Web Services, the company ‘s on-demand cloud computing platform and APIs, was responsible for nearly 64 percent of the entire company’s operating profits in 2020. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives.” He also added, “ I haven’t had more energy than this, and I am definitely, not retiring, but focusing on important Amazon initiatives.”Īndy Jassy is more than capable to lead Amazon, after all, he founded Amazon Web Services, which generated more than $13.5 billion in yearly operating profits. In a letter to employees announcing the move, Bezos said: “I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO.
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