Amazon founder and CEO Jeff Bezos will step down as the company’s CEO today. He will be replaced by Andy Jassy. However, 57-year-old Bezos will continue to play an important role in the organization as its working president. He will not be part of Daily Management and will spend more time working on other projects, including his aerospace company Blue Origin. Bezos started Amazon 27 years ago as an online bookstore in a garage and eventually expanded his business in e-commerce, artificial intelligence, cloud computing, digital streaming, etc. Amazon has a market value of over $1.7 trillion and Jeff Bezos has a net worth of around $200 billion.