Jeff Bezos Is Stepping Back With Wealth Near All-Time High

Why Is Jeff Bezos Stepping Down as CEO?
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Jeff Bezos is stepping back as chief executive officer of Amazon.com Inc. at a time when the company’s share price -- and his personal wealth -- are both near all-time highs.

Bezos is worth $197 billion, according to the Bloomberg Billionaires Index, the highest his fortune has been this year. He’s the second-richest person in the world, trailing only Tesla Inc.’s Elon Musk.