"This journey began some 27 years ago. Amazon was only an idea and it had no name. The question I was asked most frequently at that time was, "What's the internet?" Blessedly, I haven't had to explain that in a long while.

In a letter to employees, the 57-year-old billionaire explained his decision. Legit.ng cites his main points.

Jeff Bezos invested $30 million in African financial startup Chipper Cash. The company offers mobile-based, no-fee, P2P payment services in seven countries, including Nigeria. TechCrunch

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Andy Jassy, who will become Amazon's chief this summer, has spent more than two decades shadowing Jeff Bezos. Since the start of his career in 2002, he followed Bezos everywhere - including to board meetings - and sat in on his phonecalls. The idea was to challenge his boss's thinking and anticipate his questions, to become "a brain double" for Amazon's founder.

Get yourself into the story of the new Amazon's CEO with The New York Times.

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