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Amazon founder, CEO, and wealth-hoarding dragon, Jeff Bezos, just announced that he will be transitioning from his role as chief executive of Amazon into the role of executive chair.

Jeff Bezos has been with the company since its inception in 1995 and has watched it transform from a small online book seller into a company worth over $1 trillion.

Andy Jassy, who currently oversees Amazon Web Services, will take over Jeff Bezos' role later in 2021. Jassy has been with the company since 1997.

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