Today we are talking about Andy Jassy net worth. Jassy has earned millions through his work at Amazon. As CEO of AWS – its largest division and responsible for powering much of the internet – Jassy is responsible for earning his millions of dollars.Andy Jassy net worth is an estimated $412 Million and he and his wife reside in Capitol Hill in Seattle; in addition, they own property in Santa Monica in California.
Introduction
Over the last decade, we have witnessed numerous tech CEOs become billionaires. These individuals have built gigantic companies, cut costs drastically and introduced innovative products – and as a result are some of the richest people worldwide. One such CEO is Andy Jassy; through Amazon leadership he amassed vast fortunes which include AWS as its most profitable division powering much of the Internet.
Jassy has faced many arduous obstacles throughout his career. These have included fierce competition, managing rapid expansion, and managing regulatory scrutiny – yet despite these hurdles he has prevailed thanks to his strategic leadership and customer-oriented approach.
As CEO of AWS, Jassy has significant control over the company while reporting directly to Jeff Bezos as overall CEO of Amazon. While this arrangement might seem unusual at first, it makes perfect sense considering AWS is wholly-owned subsidiary.
Jassy has amassed significant wealth through stock options and investments, estimated to be approximately $400 Million at present. He expects this figure to increase as the company expands, due to increased cloud computing services demand and value of shares increasing exponentially – it is predicted that they could double within five years!
How Much is Andy Jassy Net Worth?
Andy Jassy net worth of $394 Million, as he heads Amazon’s Web Services cloud team and has been with them for 23 years, earning a generous salary along with significant restricted stock shares.
Jeff Bezos will soon step aside as Amazon CEO. Since 1997, he has helped build Amazon Web Services from its inception into a profitable business and helped position Amazon as the global leader for cloud computing services.
Jassy not only enjoys a large salary, but he has amassed significant personal assets as well. These include owning two properties: one in Capitol Hill in Seattle and a $6.7 million Santa Monica home. Furthermore, both Jassy and Elana share an avid passion for sports which they channel into creating the Helmet Head basement sports bar in their basement home.
Although Jassy has kept his financial details private, Insider reports that he owns $270 million worth of Amazon stock – enough for him to join the billionaire club had he not sold nearly half a million shares over time; these were likely placed into trusts to protect from estate taxes.
Some Facts About Andy Jassy Net Worth
Jassy has been with Amazon since it first began in 1997, beginning as marketing manager before founding Amazon Web Services – one of its most profitable divisions that powers most of the Internet – in 2003.
Prior to his time leading AWS, Jassy worked in various other capacities at Amazon including customer relationship management and product development. He co-founded Amazon Music’s streaming music service as well as being instrumental in helping transform how companies purchase technology by simplifying computing services purchases.
As CEO of Amazon, Jassy oversees one of the world’s fastest-growing tech companies and one of its world-leading online retailers – one with which he regularly contributes his knowledge in business and politics – as well as advocating for social causes such as LGBTQ rights and combatting gun violence.
Andrew Jassy is married to Elana Rochelle Caplan and they reside in Seattle with their two children. A passionate sports fan, Andy owns a minority stake in Seattle Kraken (NHL franchise) while also belonging to St Paul Episcopal Church in Capitol Hill as members. Andy grew up playing tennis and soccer at Scarsdale High School under Everett L Jassy’s guidance; both played varsity at Dewey Ballantine senior partner Dewey Ballantine as senior partner Everett L Jassy (and Everettt L Jassy as chairman). His father Everettt L Jassy (late) served on Dewey Ballantine law firm senior partner Dewey Ballantine senior partner Dewey Ballantine Senior Partner Dewey Ballantine management committee chairmanship under his guidance while serving on Dewey Ballantine senior partner Dewey Ballantine senior partner management committee chairmanship; his father Everett L Jassy (deceased), served his management committee chairmanship while his son Andy (born Scarsdale New York), played varsity tennis and soccer while attending Scarsdale High School).
Conclusion
Assuming the reigns at Amazon from Jeff Bezos will make Andy Jassy one of the wealthiest individuals worldwide. However, his new position also comes with its share of criticism related to its size and influence from various stakeholders; tech executives frequently face this type of scrutiny from various groups.
Jassy has been with Amazon since 2004, helping launch AWS (Amazon Web Services), their cloud computing division. Serving in an administrative capacity similar to that of a chief of staff, Jassy attended meetings, followed Bezos on phone calls and was his sounding board for big ideas from CEO Jeff Bezos. Jassy was instrumental in growing Amazon from an online bookstore into an all-inclusive conglomerate delivering everything from streaming videos and organic groceries.
Wallmine, which monitors insider transactions, reports that Jassy has sold off shares over the past year but still owns over $270 million worth of Amazon stock. He once out-earned Jeff Bezos by earning record profits with his division, according to Wallmine’s estimate. Additionally, Jassy receives an annual base salary of $175,000 as well as millions in restricted stock grants each year.
Jassy and Elana reside in Seattle’s Capitol Hill neighborhood. In 2009, the couple purchased a 10,000 square-foot home there. Since then, Jassy and his family have raised two children there and become actively involved with charitable giving through their foundation that supports numerous educational and community projects such as Seattle Arts Alliance.