What is Andy Jassy’s Net Worth?
Introduction
Andy Jassy, an American businessman, is the CEO of Amazon Web Services.
Jassy is among the minority owners of Seattle Kraken, the NHL’s.
Since 2003, he has been the AWS’s leader.
Jeff Bezos declared his intention to resign as Amazon’s CEO on February 2, 2021. Jassy will take his place. Jassy also serves as chairman of Rainier Prep.
Andy Jassy’s net worth was estimated at $400 million as of August 2022.
Early Life
Andrew R. Jassy was born in New York on the 13th of January 1968.
Jassy is a Jewish man of Hungarian descent. His father was a senior partner at the New York law firm Dewey Ballantine.
Jassy was born in Scarsdale and attended Scarsdale High School. He graduated from Harvard College with high honors. While at Harvard, he was the advertising manager for The Harvard Crimson.
Harvard Business School awarded him an MBA.
Career
Jassy worked five years after graduating before he completed his MBA.
MBI employed him as a project manager. He started and ended a company with an MBI colleague.
He joined Amazon in 1997. His first roles were as a marketing manager.
Jassy Bezos and Jeff Bezos had the idea of creating a cloud computing platform, now known as Amazon Web Services. It was launched in 2006 by Jeff Bezos.
He was the leader of AWS and its 57-member team.
Jassy won Person of the Year in 2016 by The Financial Times. Jassy was also promoted to senior vice president and CEO of AWS the following month.
Jassy received 10,000 shares in 2018, which will vest in blocks in 2021 and 2022, 2023, and 2024.
Jassy was the CEO of AWS in 2020 and received a $175,000 base salary.
In April 2018, he was also awarded a restricted stock unit for 10,000 shares.
It was announced this year that Jassy would succeed Jeff Bezos in the role of CEO of Amazon in the third quarter of 2021. Bezos will transition to executive chairman.
Highlights
These are the top highlights of Andy Jassy’s career:
- Amazon Web Services (2003)
- Served as SVP of AWS (Until 2016)
How Does He Spend His Money
Andy Jassy invests his money in real estate.
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 home in Santa Monica, California.
Three Business Lessons From Andy Jassy
Now that you’re familiar with Andy Jassy and his net worth, let’s look at some of his lessons.
1. Lower base of revenue
If you have a lower base of revenues, you can achieve a higher annual growth rate but a lower absolute rate.
2. Companies
Businesses must be able and willing to reinvent themselves, often times multiple times, to create sustainable businesses.
3. Leadership
You must be relentless, maniacal, and persistent if you want to be a leader who reinvents.
Favorite Quotes From Andy Jassy
We decided from the beginning of Amazon Web Services that, if we were to compete with many of Amazon’s consumers, that Amazon Web Services would have to be its own business. With a different leadership team, where Amazon’s customer businesses were important customers.
You want more protection. I think it’s totally reasonable. The federal government should regulate it. If they don’t hurry, there will be 50 laws in 50 states.