Andy Jessie Net Worth and Salary: Andy Jessie is an American technology executive with a net worth of $ 400 million. He has earned his fortune for a long career with Amazon, where he helped develop what would eventually become Amazon Web Services, the company’s most profitable division that today serves large parts of the world wide web Empowers On February 2, 2021, Jeff Bezos announced his exit as CEO of Amazon in the third quarter of the year, with Jesse assuming his position.
Andy Jessie grew up in Scarsdale, NY where he attended Scarsdale High School. He then earned a bachelor’s degree from Harvard, followed by an MBA.
He worked as a marketing manager at Amazon in 1997. Amazon went public in May 1997.
In 2003, Amazon hired a team of 57 people and founded Amazon Web Services (AWS). He served as the SVP of AWS until 2016 when he was promoted as CEO. By 2019 AWS was generating over $ 35 billion in annual revenue and $ 7 billion in operating income. AWS is by far the most profitable division of Amazon.
Compensation and Stock Holdings: According to the SEC filing, Andy earned a base salary of $ 384,000 while serving as the CEO of AWS. With bonuses and options, his annual compensation regularly tops millions. For example, in 2016 he earned a total of $ 36 million. In April, 2001, he was given a grant of 10,000 shares, which is vested in Chunks in 2021, 2022, 2023 and 2027. At the time of the grant, those shares were valued at $ 18 million. As of this writing they are around twice that amount.
In total, Andy has sold approximately $ 113 million worth of Amazon shares since the early 2000s, according to the latest SEC filing. He has approximately 90,000 shares which as of this writing amounts to approximately $ 300 million.