Andy Jassy Net Worth

$400 Million

Last Updated:

Jeff Bezos Net Worth

What is Jeff Bezos' net worth? Jeff Bezos is now...

Eminem Net Worth

What is Eminem's net worth? As of , Eminem's...

Cristiano Ronaldo Net Worth

What is Cristiano Ronaldo's net worth? As of ,...

Jordan Belfort Net Worth

What is Jordan Belfort's net worth? Introduction Jordan Belfort's net worth...

Justin Bieber Net Worth

What is Justin Bieber's net worth? Introduction As of ,...

What is Andy Jassy’s net worth? 

Net Worth:$400 Million
Age:54
Born:January 13, 1968
Gender:Male
Height:1.78 m (5 ft 10 in)
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:August 2, 2022

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 December 2022, 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 December 2022, 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. 

 

Frequently Asked Questions

 

How much is Andy Jassy worth?

Andy Jassy’s net worth is estimated to be $400 Million.
 

How old is Andy Jassy?

Andy Jassy was born on January 13, 1968, and is currently 54 years old.
 

How tall is Andy Jassy?

Andy Jassy’s height is 1.78 m, which is equal to 5 ft 10 in.
 

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 December 2022, 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. 

John Mulder
John Mulderhttps://360tsd.com/
John is a professional accountant with a passion for writing. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. He’s worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Ma Huateng Net Worth

What is Ma Huateng's net worth? Introduction As of ,...

Shaun White Net Worth

What is Shaun White's net worth? Introduction As of ,...

John Oates Net Worth

What is John Oates' net worth?  Introduction     John Oates is...

Chris D’Elia Net Worth

What is Chris D'elia's net worth? Introduction As of ,...

Oscar De La Hoya...

Exploring the world titles and iconic fights that helped former professional boxer Oscar De La Hoya earn his fame and fortune.

Ben Affleck Net Worth

What is Ben Affleck's net worth? Introduction As of ,...

Latest Net Worth Profiles

Kubrat Pulev Net Worth

Kubrat Pulev has used his boxing skills to earn a lucrative income from the sport, becoming extremely wealthy from his time in the ring.

Kim Clijsters Net Worth

Kim Clijsters is, without a doubt, one of the most successful female tennis players, earning a fortune from her prodigious tennis skills.

Rodolphe Saadé Net Worth

Find out how French businessman and entrepreneur Rodolphe Saadé transformed his father's company and earned his eye-watering net worth.

Julius Randle Net Worth

American professional basketball player Julius Randle has earned millions since 2014 while playing for some of the best teams in the NBA.

Beenie Man Net Worth

What is Beenie Man's net worth?  Introduction     Beenie Man is...

Blake Snell Net Worth

What is Blake Snell's net worth?  Introduction  Blake Snell is an...

Larry Silverstein Net Worth

What is Larry Silverstein's net worth?  Introduction Larry Silverstein is an...

Jalen Brunson Net Worth

Jalen Brunson is the current point guard for the New York Knicks, and his time on the court has earned him a solid net worth.

Ish Smith Net Worth

Ish Smith is a current National Basketball Association player that has played for more franchises than anyone in league history.

Mitchell Schwartz Net Worth

What is Mitchell Schwartz's net worth? Introduction  Mitchell Schwartz is an...