Jeff Bezos’ reign as Amazon CEO came to an end on Monday, July 5, and he stepped down as the world’s richest person. He retired from the role at the age of 57 with an estimated US$199 billion in wealth, according to Bloomberg’s Billionaire’s Index. The fortune largely consists of his hefty Amazon holdings and other assets. He received an US$81,840 salary and US$1.6 million in other compensation from Amazon last year. Billionaires in space: who’s winning out of Musk, Bezos and Branson? His fortune is 739,489 times the median net worth of an American at the age of 65, the average age at which people in the US retire, according to the US Census Bureau. The median net worth of Americans in that age bracket is US$266,400, according to data from the Federal Reserve. Bezos’ wealth ballooned even more over the past year as the pandemic drove sales skyward on his company’s online marketplace, sending shares higher. His net worth exploded by US$75 billion over the course of 2020. How did Laurene Powell Jobs meet – and marry – late Apple CEO Steve Jobs? He’s more than twice as wealthy as the entire British monarchy, which is worth an estimated US$88 billion as of 2017, and his fortune exceeds some nations’ GDPs – though the comparison isn’t exact between output and value. Bezos makes more money every second than the average US worker makes in a week. He has drawn criticism for watching his wallet thicken while thousands of Amazon warehouse workers live on food stamps and work in poor conditions. Inside Shah Rukh Khan’s Delhi home – once part of an Airbnb competition Bezos will be replaced by Andy Jassy , the current CEO of Amazon Web Services, the company’s cloud platform. The date that Bezos stepped down, July 5, is significant given that Amazon was founded on the same date in 1994. A few days later, he’ll blast into space with his other firm, Blue Origin. Want more stories like this? Sign up here. Follow STYLE on Facebook , Instagram , YouTube and Twitter .