Amazon Net Worth 2023; Founder, CEO, History & Revenue

What is Amazon?

Amazon Inc is an American multinational technology company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five American information technology companies, alongside Alphabet, Apple, Meta, and Microsoft. It has been referred to as one of the world’s most influential economic and cultural forces. The company Amazon was founded by Jeff Bezos from his garage in Bellevue, Washington. The company is located in Seattle, and it is considered one of the big four tech companies all around the world. In 2022, Amazon net worth to be around $420.549 billion.

Name:	Amazon
Formerly:	Cadabra, Inc. (1994–1995)
Type:	Public
Traded as:	Nasdaq: AMZN, Nasdaq-100 component, S&P 100 component, S&P 500 component
ISIN:	US0231351067
Traded as:	E-commerce, Cloud Computing, Artificial intelligence, Consumer electronics, Entertainment, Digital distribution, Self-driving cars, Supermarket
Founded:	July 5, 1994; 28 years ago, Bellevue, Washington, U.S.
Founder:	Jeff Bezos
Headquarters:	Seattle, Washington, and Arlington, Virginia U.S.
Key People:	Jeff Bezos (executive chairman), Andy Jassy (president and CEO)
Products:	Echo, Fire Tablet, Fire TV, Fire OS, Kindle
Services:	Amazon.com, Amazon Alexa, Amazon Appstore, Amazon Luna, Amazon Music, Amazon Pay, Amazon Prime
Revenue:	US$469.822 billion
Operating Income:	US$24.879 billion
Net Income:	US$33.364 billion
Owner:	Jeff Bezos (9.8%)

History:

The company Amazon was founded in July 1994 by Jeff Bezos, based in Bellevue in Washington. Initially, Amazon was started as the online marketplace for books. But later, it sold electronics, video games, furniture, food, toys, software, apparel, and jewelry.

Amazon also acquired the Whole Food Market for the value of US$13.4 billion, which helped to increase the presence of Amazon as a brick-and-mortar retailer in 2015. The two days delivery services of Amazon Prime had crossed 100 million subscribers all over the world in 2018.

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The company Amazon became the world’s largest online retailer and marketplace, innovative speaker provider, cloud computing service through AWS, live-streaming service through Twitch, and Internet company as measured by revenue and market share.

It has multiple subsidiaries, including Amazon Web Services (cloud computing), Zoox (autonomous vehicles), Kuiper Systems (satellite Internet), Amazon Lab126 (computer hardware R&D), Ring, Twitch, IMDb, and Whole Foods Market.

Amazon announced that Jeff Bezos would step down on February 2, 2021, as CEO to become executive chair of Amazon’s board in Q3 of 2021. Andy Jassy, previously CEO of AWS, became Amazon’s CEO.

Development:

Amazon was started on a small scale. But later, with the growth of technology, the company started growing worldwide. And also became a big name in the technology field. It sells multiple things and makes it easy for people to use an e-commerce platform to fulfill their buying needs. It sells clothes, toys, food, and electronics. It has also started distributing downloads and streaming videos, music, and audiobooks.

 

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It also started distributing music and video through its Amazon Music, Amazon Prime Video, and Audible subsidiaries, making it famous worldwide. The company also publishing arm, Amazon Publishing, a cloud computing subsidiary of Amazon Web Series, and a film and television studio, Amazon Studios, that fulfill various needs of people with great comfort.

Amazon also indulges with Whole Foods Market, Twitch, and Ring, which helps to make it famous worldwide and rapidly increases the company’s revenue. It has several products and services available for the people.

It also owns more than 40 subsidiaries, including Diapers.com, Zappos, Audible, Techstreet, Twitch, Shopbop, and many more. More than 25 sortation centers and 75 fulfillment centers of the company show its success and reputation in the market.

Board of Directors:

• Jeff Bezos, executive chairman, Amazon.com, Inc.
• Andy Jassy, president and CEO, Amazon.com, Inc.
• Keith B. Alexander, CEO of IronNet Cybersecurity, former NSA director
• Edith W. Cooper, co-founder of Medley and former EVP of Goldman Sachs
• Jamie Gorelick, partner, Wilmer Cutler Pickering Hale, and Dorr
• Daniel P. Huttenlocher, dean of the Schwarzman College of Computing, Massachusetts Institute of Technology
• Judy McGrath, former CEO, MTV Networks
• Indra Nooyi, former CEO, PepsiCo
• Jon Rubinstein, former chairman, and CEO, Palm, Inc.
• Patty Stonesifer, president, and CEO, of Martha’s Table
• Wendell P. Weeks, chairman, president, and CEO, Corning Inc.
• Services:
• com has several products and services available, including:
• Amazon Fresh
• Amazon Prime
• Alexa
• Appstore
• Amazon Drive
• Echo
• Kindle
• Fire tablets
• Fire TV
• Video
• Kindle Store
• Music
• Music Unlimited
• Amazon Digital Software & Video Games
• Amazon Studios
• AmazonWireless
• Amazon Academy

Amazon Net Worth 2023

In 2022, Amazon’s net worth is estimated at $420.549 billion. Amazon gained more than $280 billion in revenue, which makes it one of the largest companies by revenue in 2019. It has more than 798,000 employees. In 2018, the company had a total earning of $10.07 billion.

The company Amazon is a multinational technological company of America based in Seattle and sells a wide variety of things and products worldwide. From selling books to selling furniture, food, toys, and jewelry, and distributing music and video surfing services, the company has a high process and recognization on the online platform.