Amazon net worth
Current Net Worth – $1245 Billion (USD – 1.24 Lakh Crores), (Rupees – 97.17 Lakh Crores)
Amazon short details:
| Net Worth | $1245 Billion |
|---|---|
| Founded | July 5, 1994 (27 Years) |
| Founder | Jeff Bezos |
| CEO | Andy Jassy |
| Headquarter | Seattle, Washington, U.S. |
| Net Income | $21.331 billion (2020) |
| Assets | $321.2 billion (2020) |
| No. of Employees | 1,335,000 (Jul. 2021) U.S. – 810,000 (Oct. 2020) |
| Type | Public |
Amazon.com, Inc. has a net worth (market cap) of $1245 Billion (Rupees – Rupees – 97.17 Lakh Crores), making it one of the world’s most top branded companies like Microsoft.
Amazon.com, Inc. is a global corporation based in the United States that specializes in e-commerce, cloud computing, digital streaming, and artificial intelligence.
Along with Apple, Facebook, Google, and Microsoft, it is one of the Big Five firms in the United States’ information technology sector.
The firm has been described as “one of the world’s most significant economic and cultural forces.”
On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington.
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Amazon history
Amazon was started in July 1994 by Jeff Bezos.
It began as an online bookstore but has now evolved to include gadgets, software, video games, clothing, furniture, food, toys, and jewelry.
He selected Seattle due to the availability of technological expertise, given Microsoft is headquartered there.
Mackenzie Scott was a key figure in the formation of Amazon, driving across the country with Jeff to get it off the ground.
Scott applied at D. E. Shaw & Co., a quantitative hedge fund in New York City, as research.
Jeff Bezos, the firm’s vice president at the time, interviewed her. Her first meeting with him was during the interview.
Amazon went public in May 1997.
It began selling music and movies in 1998, and it expanded worldwide by purchasing online book retailers in the United Kingdom and Germany.
Amazon began offering video games, consumer goods, home improvement items, software, games, and toys the next year.
Amazon Web Services (AWS) was founded in 2002, and it supplied data on website popularity, Internet traffic patterns, and other information for marketers and developers.
In 2008, the domain amazon.com attracted at least 615 million visitors each year.
Amazon paid $13.4 billion to buy Whole Foods Market in August 2017, expanding its physical retail reach significantly.
Amazon.com is the third most popular website in the United States and the 11th most popular website globally, according to Alexa Internet rankings.
Amazon’s subsidiaries, Amazon Prime Video, Amazon Music, Audible, and Twitch, distribute a wide range of downloaded and streaming material.
Amazon announced on February 2, 2021, that Jeff Bezos will step down as CEO and become Executive Chair of Amazon’s board in the third quarter of 2021.
Andy Jassy, the current CEO of AWS, will follow Bezos as the company’s CEO.
Amazon’s net worth is $1734.82 billion as of September 24, 2021.
Amazon’s achievements
In terms of sales and market capitalization, Amazon is the world’s largest online marketplace, AI assistant provider, a live-streaming platform, and cloud computing platform.
Amazon is the world’s largest Internet corporation in terms of revenue.
Amazon has the greatest worldwide brand worth as of 2020.
It is the second-largest private employer in the United States and one of the most valuable corporations in the world.
Amazon’s social media handles:
Amazon’s products
Amazon has different retail websites for various countries and also enables international shipment of some of its items to other nations.
Amazon.com offers a variety of items and services, including:
- Amazon Academy
- Amazon Digital Game Store
- Amazon Fresh
- Amazon Prime
- Amazon Web Services
- AmazonWireless
- Amazon Studios
- Appstore
- Alexa
- Amazon Drive
- Echo
- Fire tablets
- Fire TV
- Kindle Store
- Kindle
- Music
- Video
Amazon’s finances
Amazon.com is primarily a retail website with a sales revenue model; Amazon takes a tiny portion of the sale price of each item sold through its website.
Amazon.com is placed eighth on the Fortune 500 list of the largest businesses in the United States by total revenue as of 2018.
| Year | Net Income | Total Assets |
|---|---|---|
| 2010 | $1,152 mil. | $18,797 mil. |
| 2011 | $631 mil. | $25278 mil. |
| 2012 | -$39 mil. | $32,555 mil. |
| 2013 | $274 mil. | $40159 mil. |
| 2014 | -$241 mil. | $54,505 mil. |
| 2015 | $596 mil. | $64,747 mil. |
| 2016 | $2,371 mil. | $83,402 mil. |
| 2017 | $3,033 mil. | $131,310 mil. |
| 2018 | $10,073 mil. | $162,648 mil. |
| 2019 | $11,588 mil. | $225,248 mil. |
| 2020 | $21,331 mil. | $321,195 mil. |
Amazon’s controversy
Since its inception, the company has faced criticism and controversy for a variety of actions, including:
- Actively opposing unionization efforts
- Forming cloud computing partnerships with the CIA
- Negatively impacting the environment
- Placing a low priority on warehouse conditions for workers
- Remunerating employees
- Steering customers away from bookstores
In addition, the firm has been accused of exerting undue pressure on suppliers in order to preserve and expand its profits.
