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Andy Jassy Net Worth

Emmy Wallin

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Andy Jassy Net Worth

What is Andy Jassy’s net worth? 

Net Worth:$400 Million
Age:53
Born:January 13, 1968
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:2021

Introduction 

Andy Jassy is an American businessman and the CEO of Amazon Web Services.

Jassy is one of the minority owners of the Seattle Kraken of the NHL.

He has led AWS since its inception in 2003.

On the 2nd of February, 2021, Jeff Bezos announced his intention to step down as CEO of Amazon, with Jassy taking his place. Jassy is also the chairman of Rainier Prep. 

As of 2021, Andy Jassy’s net worth is estimated to be roughly $400 million.

 

Early Life 

Andrew R. Jassy was born on the 13th of January, 1968, in New York.

Jassy is Jewish with Hungarian ancestry. His father was a senior partner in the law firm Dewey Ballantine in New York. 

Jassy grew up in Scarsdale and attended Scarsdale High School. He graduated with honors from Harvard College, where he was advertising manager of The Harvard Crimson.

He then earned an MBA from Harvard Business School.

 

Career 

Jassy worked for 5 years after graduation before he did his MBA.

He worked as a project manager for MBI. He and MBI colleague started a company and closed it down.

In 1997, he joined Amazon. His early roles included marketing manager. 

In 2003, Jassy and Jeff Bezos came up with the idea to create the cloud computing platform that would become known as Amazon Web Services, which launched in 2006.

He headed AWS and its team of 57 people.

In 2016, Jassy was named Person of the Year by The Financial Times, and the month after, Jassy was promoted from senior vice president to CEO of AWS.

He earned a base salary of $384,000 while serving as CEO of AWS.

In 2018, Jassy was given a grant of 10,000 shares which vest in chunks in 2021, 2022, 2023, and 2024.

In 2020, Jassy earned a base compensation of $175,000 for his work as CEO of AWS.

He also received a restricted stock unit award in April 2018 for 10,000 shares. 

This year, it was announced that Jassy would succeed Jeff Bezos as the CEO of Amazon sometime in the third quarter of 2021, with Bezos transitioning to executive chairman. 

As of 2021, Andy Jassy’s net worth is estimated to be roughly $400 million. 

 

How Does Andy Jassy Spend His Money?

Andy Jassy spends his money on real estate. 

 

Andy Jassy’s Home 

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.

 

Highlights

Here are some of the best highlights of Andy Jassy’s career:

  • Amazon Web Services (2003)
  • Served as SVP of AWS (Until 2016)

 

Favorite Quotes from Andy Jassy

“From the very start of Amazon Web Services, we made a decision that if we wanted to be able to serve a lot of Amazon’s consumer competitors… that we had to make Amazon Web Services Amazon Web Services own separable business with a different leadership team and where Amazon’s consumer businesses were an important customer. – Andy Jassy

“If you want more protection, which I think is totally reasonable, the federal government should regulate it, i wish they’d hurry up – if they don’t, you’re going to have 50 different laws in 50 different states.” – Andy Jassy

“If Read MoreHundreds of employees government doesn’t have access to all of the most modern and sophisticated technology the private sector has, Read MoreHundreds of employees in trouble, any government department that’s following the law, Read MoreHundreds of employees will serve.” – Andy Jassy

“We don’t think about it very deeply. You know, at the end of the day, if I had to categorize what we spend most of our time thinking about, it’s really in each of our businesses, we have a very large number of customers who are very demanding, appropriately.” – Andy Jassy 

“Yeah, you know, I think that if you look at the reality—some of that sounds very good, but if you look at the reality and the facts, first of all, just because Amazon chooses to enter a business segment doesn’t mean we’re going to be successful.” – Andy Jassy 

“You know, Amazon as a whole has become—has been successful, and across a few different business segments, but simply because the company’s been successful, in a few different business segments, doesn’t mean it’s somehow too big.” – Andy Jassy 

View Our Larger Collection of Andy Jassy Quotes

 

3 Business Lessons from Andy Jassy

Now that you know all about Andy Jassy’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him: 

 

1. Lower Base of Revenue 

You can have a higher year-over-year growth rate but be growing at a much lower absolute rate if you have a much lower base of revenue. 

 

2. Companies 

Companies must be willing and able to reinvent themselves – often multiple times over – to build businesses that sustain themselves for a long period of time. 

 

3. Being a Leader

If you’re going to be a leader that’s going to reinvent, you have got to be maniacal and relentless and tenacious about getting to the truth. 

 

Summary  

Andy Jassy is an American technology executive.

Jassy has earned his fortune thanks to a long career with Amazon.

He helped develop the department that would eventually become Amazon Web Services, the company’s most profitable division, which powers large portions of the world wide web.

On the 2nd of February, 2021, Jeff Bezos announced his intention to step down as CEO of Amazon, with Jassy taking his place.

As of 2021, Andy Jassy’s net worth is estimated to be roughly $400 million.

What do you think about Andy Jassy’s net worth? Leave a comment below. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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