Andy Jassy Net Worth (2021 Update)

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What is Andy Jassy’s net worth?

Net value : $ 400 million
Age: 53
Not: January 13, 1968
Native country: the United States of America
Source of wealth: Contractor
Last update: 2021

introduction

Andy Jassy is an American businessman and CEO of Amazon Web Services.

Jassy is one of the minority owners of the NHL Seattle Kraken.

He has led AWS since its inception in 2003.

On February 2, 2021, Jeff Bezos announced his intention to step down as CEO of Amazon, with Jassy taking his place. Jassy is also the president of Rainier Prep.

In 2021, Andy Jassy’s net worth is estimated to be around $ 400 million.

Youth

Andrew R. Jassy was born on January 13, 1968 in New York City.

Jassy is Jewish of Hungarian descent. Her father was a senior partner at Dewey Ballantine law firm in New York City.

Jassy grew up in Scarsdale and attended Scarsdale High School. He graduated with honors from Harvard College, where he was advertising director for The Harvard Crimson.

He then obtained an MBA from Harvard Business School.

Career

Jassy worked for 5 years after graduation before getting his MBA.

He worked as a project manager for MBI. He and a colleague from MBI started a business and shut it down.

In 1997, he joined Amazon. His first roles included that of marketing director.

In 2003, Jassy and Jeff Bezos came up with the idea of ​​creating the cloud computing platform that would become known as Amazon Web Services, launched in 2006.

He led AWS and its team of 57 people.

In 2016, Jassy was named Person of the Year by the Financial Times, and the following month, Jassy was promoted from senior vice president to CEO of AWS.

He earned a base salary of $ 384,000 while he was CEO of AWS.

In 2018, Jassy received an allocation of 10,000 shares which will be acquired in pieces in 2021, 2022, 2023 and 2024.

In 2020, Jassy earned a base compensation of $ 175,000 for his work as CEO of AWS.

He also received an allocation of restricted stock units in April 2018 for 10,000 shares.

This year, it was announced that Jassy will succeed Jeff Bezos as CEO of Amazon in the third quarter of 2021, with Bezos becoming executive chairman.

In 2021, Andy Jassy’s net worth is estimated to be around $ 400 million.

How does Andy Jassy spend his money?

Andy Jassy spends his money on real estate.

Andy Jassy’s house

Jassy and Elana paid $ 3.1 million for a 10,000 square foot home in Seattle’s Capitol Hill neighborhood in 2009.

In 2020, they paid $ 6.7 million for a house in Santa Monica, California.

Strong points

Here are some of the best moments of Andy Jassy’s career:

  • Amazon Web Services (2003)
  • Served as an AWS SVP (until 2016)

Favorite quotes from Andy Jassy

“Right from the start of Amazon Web Services, we decided that if we wanted to be able to serve a large number of Amazon’s consumer competitors… that we had to make Amazon Web Services Amazon Web Services our own separable business with a team different direction and where Amazon’s consumer companies were a big customer. – Andy Jassy

“If you want more protection, which I think is quite reasonable, the federal government should be regulating it, I’d like it to hurry – if it doesn’t, you’re going to have 50 different laws in 50 states. different.” – Andy Jassy

“If Read moreHundreds of government employees do not have access to all the most modern and sophisticated technologies available to the private sector, Read moreHundreds of employees in difficulty, any ministry that respects the law, Read moreHundreds of employees will serve. – Andy Jassy

“We don’t think about it very deeply. You know, in the end, if I had to categorize what we spend most of our time thinking about, it’s really in each of our businesses, we have a very large number of clients who are very demanding, and rightly so. . – Andy Jassy

“Yeah, you know, I think if you look at the reality it sounds great, but if you look at the reality and the facts, first of all, just because Amazon chooses to enter a business segment doesn’t. do not. means we will be successful. – Andy Jassy

“You know Amazon as a whole has become – has been successful, and in a few different business segments, but just because the company has been successful, in a few different business segments, it doesn’t mean that it is in. somehow too big. “ – Andy Jassy

See our biggest collection of Andy Jassy quotes

3 business lessons from Andy Jassy

Now that you know all about Andy Jassy’s net worth and how he got it; let’s take a look at some of the lessons we can learn from it:

1. Lower income base

You can have a higher growth rate year over year, but grow at a much lower absolute rate if you have a much lower income base.

2. Companies

Businesses must be willing and able to reinvent themselves – often multiple times – to create businesses that last for a long time.

3. Be a leader

If you want to be a leader who will reinvent yourself, you have to be manic, relentless, and tenacious to find out the truth.

Summary

Andy Jassy is an American tech executive.

Jassy earned his fortune through a long career at Amazon.

He helped develop the department that would become Amazon Web Services, the company’s most profitable division, which powers much of the World Wide Web.

On February 2, 2021, Jeff Bezos announced his intention to step down as CEO of Amazon, with Jassy taking his place.

In 2021, Andy Jassy’s net worth is estimated to be around $ 400 million.

What do you think of Andy Jassy’s net worth? Leave a comment below.


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