Amazon Net Worth: – Amazon stands as a titan in the e-commerce industry, renowned for its rapid delivery, exceptional customer service, and the extensive benefits of its Amazon Prime membership. Starting as a simple online bookstore, it has evolved into one of the world’s most valuable companies, under the leadership of CEO Andy Jassy and founder Jeff Bezos.
- RELATED: Jalen Rose Ex-Wife, Molly Qerim: From Love to Letting Go
- RELATED: Cindy Crawford Net Worth: Beauty, Branding, and the Business Empire
- RELATED: Amy Robach Net Worth: Charting the Career and Earnings of the News Anchor
Table of Contents
Company Profile
- Location: Seattle, Washington
- Year Founded: 1994
- Founder: Jeff Bezos
- Current CEO: Andy Jassy
Market Capitalization and Stock Value
Amazon reached a significant milestone in 2018, achieving a market capitalization of $1 trillion. Following a stock split in June 2022, its share price fluctuates within a 52-week range of $81.43 to $170.83. As of March 17, 2023, the market cap is approximately $1.01 trillion.
Understanding Market Capitalization
Market cap, calculated by multiplying outstanding shares by the current stock price, offers a measure of a company’s value but doesn’t include financials and can be influenced by share price fluctuations.
Amazon Net Worth
$1.105 trillion
As of 2023, Amazon’s net worth is $1.105 trillion, considering profits, revenue, assets, and debts over the past three years.
Amazon Market Cap History
Daily Export
| Date | Market Cap | % Change |
|---|---|---|
| Nov 20, 2023 | 1,510.11B | 0.65% |
| Nov 17, 2023 | 1,500.29B | 1.65% |
| Nov 16, 2023 | 1,476.01B | -0.26% |
| Nov 15, 2023 | 1,479.83B | -1.78% |
| Nov 14, 2023 | 1,506.70B | 2.25% |
| Nov 13, 2023 | 1,473.53B | -0.68% |
| Nov 10, 2023 | 1,483.55B | 2.11% |
| Nov 9, 2023 | 1,452.96B | -1.04% |
| Nov 8, 2023 | 1,468.26B | -0.44% |
| Nov 7, 2023 | 1,474.77B | 2.13% |
| Nov 6, 2023 | 1,444.08B | 0.82% |
| Nov 3, 2023 | 1,432.30B | 0.38% |
| Nov 2, 2023 | 1,426.82B | 0.78% |
| Nov 1, 2023 | 1,415.76B | 2.94% |
| Oct 31, 2023 | 1,375.36B | 0.29% |
| Oct 30, 2023 | 1,371.43B | 3.89% |
| Oct 27, 2023 | 1,320.07B | 7.00% |
| Oct 26, 2023 | 1,233.69B | -1.50% |
| Oct 25, 2023 | 1,252.47B | -5.58% |
| Oct 24, 2023 | 1,326.45B | 1.58% |
| Oct 23, 2023 | 1,305.81B | 1.11% |
| Oct 20, 2023 | 1,291.47B | -2.52% |
| Oct 19, 2023 | 1,324.80B | 0.21% |
| Oct 18, 2023 | 1,322.01B | -2.54% |
| Oct 17, 2023 | 1,356.47B | -0.81% |
How much Amazon owns?
Amazon owns more than 100 companies across a variety of market sectors – including tech, groceries, media, and medicine. Many have attributed this vast empire of businesses to Amazon’s need-to-win mentality – if it can’t dominate the market on its own, it’ll just buy the market leader.
- RELATED: Patrick Mahomes’ wife: Brittany Mahomes the Woman Beyond the NFL Spotlight
- RELATED: Who is Mia Randall? All About Patrick Mahomes’ sister
- RELATED; Tony Romo Net Worth: Scoring Big in Football and Broadcasting
- RELATED: Nick Saban Net Worth: Scoring Big in College Football’s Financial Game
How big is Amazon today?
Amazon is worth over $1.105 trillion as of 2022. Having a brand value of $350 billion, Amazon is second only to Apple, leaving Google and Microsoft behind.
What is Amazon’s annual income?
$554.03B
Amazon had revenue of $554.03B in the twelve months ending September 30, 2023, with 10.32% growth year-over-year. Revenue in the quarter ending September 30, 2023 was $143.08B with 12.57% year-over-year growth. In the year 2022, Amazon had annual revenue of $513.98B with 9.40% growth.
Revenue Insights
In 2022, Amazon’s revenue stood at $513.98 billion, a 9% increase from 2021. Despite challenges, Amazon’s stock has recovered from a dip below $1 trillion in November to $1.01 trillion as of March 17, 2023.
Prime and Logistics
Amazon Prime and its logistics capabilities provide significant competitive advantages. These include fast shipping, Prime Entertainment, and the Amazon Prime credit card, which reinforce customer loyalty.
Amazon Web Services (AWS)
AWS dominates the cloud computing services market, holding a 32% market share as of Q4 2022, outperforming competitors like Microsoft Azure and Google Cloud.
The Pandemic’s Positive Impact
The pandemic accelerated Amazon’s growth, with a 9% increase in net sales in Q4 2021 compared to 2020. Promotional events like Prime Day and Black Friday sales contributed to this surge.
Leadership
Jeff Bezos
Jeff Bezos, the founder, expanded Amazon from an online bookstore to a diversified e-commerce giant, also establishing AWS.
Andy Jassy
As CEO since July 2021, Andy Jassy, the founder of AWS, received a significant stock package and has been instrumental in Amazon’s continued growth.
Top Shareholders
Amazon’s major shareholders include The Vanguard Group Inc., Blackrock Inc., and State Street Corp., among others.
Future Prospects
2023 Outlook
Despite stepping down, Jeff Bezos’ vision continues under Andy Jassy. Amazon anticipates growth despite economic uncertainties, with a focus on reducing operating costs and expanding in various sectors.
Key Highlights of Q4 2022
The quarter saw expansions in AWS, new product launches like Sparrow and Amazon Clinic, a record-breaking holiday season, and successful employee initiatives.
Conclusion
Amazon’s journey from a modest online bookstore to a global e-commerce powerhouse highlights its innovative approach, strategic leadership, and ability to adapt to changing market dynamics. With a strong economic moat, diversified services, and visionary leadership, Amazon continues to strengthen its position as a leading global corporation.
- RELATED: Is David Muir gay? ABC News anchor’s relationship exposed
- RELATED: Don Lemon Net Worth: The Financial Story Behind the Leading Anchor
- RELATED: Chris Cuomo Net Worth: Analyzing the Earnings of the News Anchor Prodigy
FAQs
- What was Amazon originally founded to sell?
- Amazon was initially founded as an online bookstore by Jeff Bezos in 1994.
- How has Amazon’s business expanded beyond online retail?
- Beyond online retail, Amazon has expanded into cloud computing with Amazon Web Services (AWS), digital streaming through Prime Video, artificial intelligence with Alexa, and a host of other technological and retail innovations.
- What is Amazon Prime and what are its key benefits?
- Amazon Prime is a subscription service offering benefits like free two-day shipping on many items, access to streaming movies, TV shows, and Amazon Music, as well as exclusive shopping deals and discounts.
- How did Amazon perform financially during the COVID-19 pandemic?
- During the COVID-19 pandemic, Amazon experienced significant growth in revenue and market capitalization due to increased online shopping, reaching a market cap of over $1 trillion and recording high revenue and sales figures.
- Who succeeded Jeff Bezos as the CEO of Amazon, and when?
- Andy Jassy, the founder of Amazon Web Services (AWS), succeeded Jeff Bezos as the CEO of Amazon in July 2021.
