By | October 27, 2023
This photo perfectly describes amazon's net worth

Amazon is an American multinational technology company with an estimated net worth of $1250 billion. The net worth of this renowned brand increased around 46% compared to the previous year.

Keep on reading to learn more exciting facts that people know so little about Amazon including history, business strategy, earnings, owner, and many more.

History of Amazon

On July 5, 1994, Jeff Bezos founded Amazon in Bellevue, Washington, USA. In the very beginning, he chose the Seattle area due to its rich pool of technical expertise.

At the same time, the company launched an e-commerce platform for selling a variety of products including media, apparel, baby products, consumer electronics, beauty products, and many more.

The company started selling music, videos, and books in 1997. One year later, it began international operations in the United Kingdom & Germany.

In 2002, Amazon focused on providing APIs for web developers. The company launched a business program named “Fulfillment by Amazon” in 2006 to allow individuals and small companies to sell their products through Amazon’s warehouses.

Amazon is currently headquartered in Seattle, Washington, USA.

Business Strategy of Amazon

The key business strategy of Amazon is to differentiate itself by developing several products or services to meet the needs of worldwide customers.

Amazon follows a customer-centric approach to understand and anticipate customer needs. It makes Amazon one of the most popular companies in the world.

The company has expanded vastly into an e-commerce platform and offers a wide range of products. Besides, it is continuously improving and developing innovative technologies like voice-activated Alexa devices.

Amazon has expanded its business globally and serving millions of customers in many countries & regions worldwide.

Amazon’s Net Worth

As of 2023, Amazon’s net worth is estimated to be around $1250 billion. Its net worth or market capitalization fluctuates in response to stock market conditions.

Amazon’s Net Worth Growth: 2018-2023

As Amazon’s net worth fluctuates in response to the stock market, its net worth is not constant at all times. Over the years, Amazon has seen tremendous net worth growth. The net worth growth history is shortly in the following table:

Year Net Worth
2018 Approximately $735 billion
2019 Approximately $916 billion
2020 Approximately $1634 billion
2021 Approximately $1691 billion
2022 Approximately $857 billion
2023 Approximately $1650 billion

Also read Coca-Cola’s net worth.

Amazon’s earnings

Amazon generates a hefty revenue through a diverse range of business segments & services including e-commerce sales, cloud computing services, subscription services, content streaming, and advertising.

Its earnings vary from quarter to quarter and year to year. Amazon net worth changed with its earnings.

How much does Amazon make in a day in 2023?

Amazon makes around $1.30 billion in a day. The company has multiple revenue streams to make an unbelievable amount of money per day.

The daily income of Amazon translates that Amazon makes more than $8 billion in a week and $32 billion monthly in 2023.

How much is the annual income of Amazon?

Amazon generates more than $400 billion annually. The annual income of Amazon is influenced by multiple factors including revenue from different business segments, investments, and operating expenses.

However, the annual income of Amazon varies year to year.

Who owns Amazon?

Jeff Bezos is the owner and founder of Amazon. He is an American successful businessman and one of the richest persons in the world.

He stepped down as CEO to become executive chairman in 2021. Currently, Andy Jassy is serving Amazon as the CEO.

Amazon’s top 3 institutional shareholders are:

  • Vanguard Group
  • BlackRock
  • State Street

On the contrary, Amazon’s top 3 individual shareholders are:

  • Jeff Bezos
  • Andrew Jassy
  • Douglas Herrington

How many people work for Amazon?

As of writing, more than 1,608,000 people are working for Amazon worldwide. Its total number of employees has been increasing at a rapid rate per year.

Thousands of people are interested in working for Amazon and building their careers. The company offers both part-time and full-time jobs. Amazon has created a large job sector in the United States and contributing to the American national economy.

Amazon: At a glance

Founded In 1994
Founder & owner Jeff Bezos
Headquarters Seattle, Washington, USA
CEO Andy Jassy
Top institutional shareholder Vanguard Group

 

Total employees More than 1,608,000
Number of subsidiaries Over 100 subsidiaries
Net worth Approximately $1250 billion

 

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