Now, the emperor is stepping down. After 27 years of leadership, Bezos is ready to set down the crown. He announced Tuesday he will transition to a new position later this year.

Meet the new head honcho

Let’s put that number into perspective. The most expensive watch in the world is the Graff Diamonds Hallucination, a glistening cluster of multi-colored diamonds arranged around a little pink clock. It’s worth $55 million. With $308.06 billion, you could buy about 5,600 of these gorgeous watches. There would be too many to cover your arms, so you’d have to stretch them around your legs, too — you would have enough watches to cover every inch of your body, so you shimmered like a statue made of precious stones. You’d still have a lot of money left. You could give these watches to all of your friends and cover them with these sparkling, diamond-encrusted watches. Thus, you could start an entire colony of sparkling people — yet you’d still have extra watches to give away.

Why did Bezos step away from such a powerful position?

Now that Bezos has dropped this bombshell, we wonder what’s next for him. Will he make any big changes in his final months? And how will Jassy differ from his predecessor? Of course, we’ll be here every step of the way to give you updates. Make sure you never miss a headline by signing up for our newsletters. You’ll get the biggest news of the day straight to your inbox!