By the time Microsoft got serious about Azure and Google began investing heavily in its cloud platform, Jassy had built what has amounted so far to an insurmountable lead. As those businesses grew up, many never bought their own servers or storage arrays, instead relying on Amazon for all of their data center needs. When AWS began rolling out services in 2006, the focus was on providing cloud storage and compute capacity, mostly to smaller tech companies and teams of developers. In recent years, more AWS contracts have come public, as companies like Pinterest, Slack, Lyft and Snowflake held their IPOs and had to disclose their heavy cloud spending. Along the way, he's won business from the Central Intelligence Agency and Democratic National Committee. He trimmed his holdings from just over 100,000 shares last year.Ĭritical to Jassy's success has been his ability to attract all types of businesses and organizations to AWS products, offering services for the smallest of start-ups and the world's largest enterprises, like Apple. He owns about 85,000 shares, valued at $287.3 million as of Tuesday's close. "That was 23 years ago of course and the statute of limitations has probably expired," he quipped.Īmazon paid Jassy a total of $348,809 in 2019, down from $19.7 million in 2018, when he received over $19 million in stock awards, according to the company's most recent proxy statement. In an interview last fall, he said that his wife and he agreed they'd move to the west coast to be closer to her family for a few years and then move back to New York. He then went straight to Amazon and never left. Jassy graduated from Harvard University in 1990 and from Harvard Business School in 1997. In September, a column in the Washington Post, which Bezos owns, called Jassy the "clear heir apparent" to Bezos. While he's been head of AWS since its inception, Bezos elevated him by giving him the title of AWS CEO in 2016. Jassy, 53, is a member of Bezos' elite group of executives called the S-team. Personal Loans for 670 Credit Score or Lower
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