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4 days ago · About Jeff Bezos. Jeff Bezos founded e-commerce giant Amazon in 1994 out of his Seattle garage. Bezos stepped down as CEO to become executive chairman in 2021. He owns a bit less than 10% of the ...
- Chairman And Founder
Jul 9, 2021 · Jeff Bezos' net worth reaches a staggering $214 billion. The richest continue to get richer. Amazon founder and former CEO Jeff Bezos is now worth $214 billion, according to the latest data from ...
- Brett Molina
- Consumer Tech Reporter
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- Amazon’s Founder: Jeff Bezos
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Amazon positioned itself as a lifeline for millions of consumers during the pandemic, but it was a powerhouse long before that. It’s one of a few companies to have reached $1 trillion in market capitalization — a milestone it achieved for the first time in 2018. In June 2022, Amazon split its stock 20 for 1, meaning that for every share an investor...
Amazon’s net worth as of the quarter ending Dec. 31, 2022, was $460.98 billion. To calculate this, GOBankingRates took into account only full-year profits and revenue from the last three years and the company’s assets and debts.
Amazon is one of the few companies to have hit a trillion-dollar market cap. In 2020, after a great earnings report, the company made a return to the $1 trillion club, joining the ranks of Apple, Microsoft, Alphabet — the parent company of Google — and, intermittently, Tesla. Amazon’s revenue in 2022 was $513.98 billion, up 9% from $469.82 billion ...
An economic moat, a concept successful investor Warren Buffett and CEO Bill Gates use to invest, occurs when a company has a huge market advantage over its competitors. Buffett would typically invest in a company that has an economic moat, but Amazon has more than one.
Jeff Bezos walked away from his career as an investment banker to open Amazon, an online bookstore, out of his garage. He managed to expand beyond books by diversifying into other retail products including music CDs and electronics, such as Kindle. He also introduced the Amazon Web Services — AWS — division, which has become the largest cloud-compu...
Andy Jassy, president and CEO of Amazon.com, took the helm in July 2021. He’s the founder of Amazon Web Services and served as its CEO for over five years before replacing Bezos as CEO of Amazon. As part of his initial compensation package, Jassy received 61,000 shares of Amazon stock, worth over $6.04 million at today’s price, vested over a 10-yea...
Amazon is primarily held by institutions. The top 10 firms are: 1. The Vanguard Group Inc., 6.95% of shares 2. Blackrock Inc., 5.8% of shares 3. State Street Corp., 3.28% of shares 4. FMR, LLC (Fidelity), 2.91% of shares 5. T. Rowe Price Associates Inc., 2.13% of shares 6. Geode Capital Management LLC, 1.58% of shares 7. Morgan Stanley, 1.38% of sh...
Though Jeff Bezos has stepped down, someone just as competent and ambitious filled his shoes. Having been at Amazon for 25 years — from the very beginning, when it was a tiny startup with no office — Jassy is just as much a visionary as Bezos, who has stayed on as an advisor and board member.
Despite some bumps due primarily to the post-pandemic economy, Amazon could be a solid long-term investment. Among 44 analysts weighing in on Nasdaq, the consensus rating is “strong buy.” The average price target for the next year is $136.86 in a range of $106 to $192. At a current share price of $92.12, the stock has very solid potential. Daria Uh...
Jun 2, 2021 · Amazon’s Net Worth: $314.9 Billion. Considering Amazon’s 2020 revenue of nearly $400 billion, its 44% sales growth in the first quarter of 2021, the current market cap of $1.63.trillion ...
- Brenda Zhang
Feb 2, 2021 · Net income increased to $21.3 billion, or $41.83 per diluted share, compared with net income of $11.6 billion, or $23.01 per diluted share, in 2019. Amazon is also announcing today that Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.
2 days ago · Since 2002, he's sold about $38.5 billion worth of Amazon shares, based on an analysis of Bloomberg data. Bezos paid $250 million for the Washington Post in August 2013, which is included at cost.
Oct 28, 2021 · Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2021. Operating cash flow decreased 1% to $54.7 billion for the trailing twelve months, compared with $55.3 billion for the trailing twelve months ended September 30, 2020. Free cash flow decreased to $2.6 billion for the trailing twelve months, compared with $29.5 billion for the ...
