Jeff Bezos: What’s Next for the World’s Richest Man After Stepping Down as Amazon CEO?

Invoice Gates got down to heal the world. His Microsoft co-founder Paul Allen purchased sports activities groups. Ted Turner raced yachts. And Donald Trump went into politics.

Amazon founder Jeff Bezos, the world’s richest man, plans to construct rockets and save the planet.

Bezos, 57, is the newest in a line of company titans who’ve stepped away from their day jobs to commit themselves to different actions.

Bezos, whose web value is $197 billion (roughly Rs. 14,36,400 crores) in accordance with Forbes journal, introduced on Tuesday he was resigning as chief government officer of the on-line retail large he launched 27 years in the past.

He mentioned he would stay government chairman of Amazon however would commit extra time to “passions” such as his non-public area agency Blue Origin and the Bezos Earth Fund, to which he made a $10 billion (roughly Rs. 73,000 crores) donation final yr.

In stepping away from the government suite, Bezos is following in the footsteps of different tycoons who briefly – and in some circumstances completely – walked away from operating the companies that made them wealthy.

Gates, 65, and Allen, who died of most cancers in 2018 at the age of 65, based Microsoft in 1975 and constructed it into the world’s main laptop software program firm.

Gates stepped down as CEO in 2000 and along with his spouse launched the Invoice & Melinda Gates Basis, which is dedicated to enhancing international well being.

Gates, the world’s fourth-richest man in accordance with Forbes, resigned as Microsoft’s chairman in 2014 and left the board in March of final yr.

Allen, whose fortune was estimated at $20 billion (roughly Rs.1,45,800 crores) by Forbes when he died, left Microsoft in 1983 when he suffered a primary bout with most cancers however remained on the board till 2000.

After leaving the firm, Allen purchased the Portland Path Blazers of the Nationwide Basketball Affiliation, and Seattle Seahawks of the Nationwide Soccer League.

He was additionally an lively philanthropist, giving freely billions of {dollars} for medical analysis and different worthy causes.

Sights on area
Turner, 82, turned his father’s promoting firm right into a multi-billion greenback enterprise, launching Cable Information Community (CNN) and in addition shopping for sports activities groups – Main League Baseball’s Atlanta Braves and the Atlanta Hawks of the NBA.

However his actual ardour was crusing.

As the skipper of the yacht “Brave,” he efficiently defended the America’s Cup in 1977 in opposition to the Australian challenger.

A variety of tycoons have put apart enterprise for politics, most not too long ago former president Trump, a world actual property magnate, and Michael Bloomberg.

Trump, 74, ran for the White Home in 2016 whereas Bloomberg, founding father of the monetary information firm that bears his identify, was elected mayor of New York Metropolis in 2001.

Bloomberg, 78, was re-elected mayor of the Large Apple in 2005 and in 2009 and made an ill-fated bid for the Democratic presidential nomination in 2020.

Bezos, who based his area firm Blue Origin in 2000, will not be the solely tycoon who has expanded his sights past Earth’s orbit.

Richard Branson, 70, founding father of the Virgin Group, additionally has a spaceflight firm, Virgin Galactic, and is searching for to create space tourism reasonably priced.

Each Bezos and Branson, nevertheless, have been left in the mud in terms of area by one other billionaire – South African-born Elon Musk, the world’s second-richest man.

Musk, 49, made his first main fortune when PayPal was bought to eBay in 2002 and has gone on to launch electrical automotive firm Tesla and solar energy firm SolarCity.

In 2002, Musk based SpaceX.

It has since turn into the world’s main non-public rocket launch firm, sending industrial satellites into area and delivering cargo to the Worldwide Area Station.

SpaceX grew to become the first non-public firm to launch people into area final yr when it despatched two astronauts to the ISS.

Is LG Wing’s distinctive design alone sufficient to assist it achieve India? We mentioned this on Orbital, our weekly expertise podcast, which you’ll be able to subscribe to by way of Apple Podcasts, Google Podcasts, or RSS, download the episode, or simply hit the play button beneath.


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