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Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1] The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2]
Bezos finally decided that his new business would sell books online, because of the large worldwide demand for literature, the low unit price for books, and the huge number of titles available in print. [12] Amazon was founded in the garage of Bezos' rented home in Bellevue. [9] [13] [14] Bezos' parents invested almost $246,000 in the start-up ...
Amazon.com spent roughly $3.5 million, $5 million and $9.5 million on lobbying, in 2013, 2014 and 2015, respectively. [186] In 2019, it spent $16.8 million and had a team of 104 lobbyists. [ 187 ]
The Amazon founder's estate could save about $32 billion in taxes by relocating to Miami. ... Mostly in unrealized capital gains in Amazon stock. Florida doesn’t tax capital gains. And by the ...
"Florida is very, very favorable for ... Bezos plans to sell 50 million Amazon shares total before Jan. 31, 2025, worth an estimated $8.5 billion (this initial sale was around 12 million shares ...
So far, the Amazon founder’s tax savings have been astronomical, worth an estimated $1 billion this year alone. Since his move in early 2024, Bezos has sold an estimated $13.6 billion worth of ...
However, just months later in October 2016, his wealth increased by $16.2 billion to $66.5 billion, unofficially ranking him the third-richest person in the world, behind Warren Buffett. [212] After sporadic jumps in Amazon's share price, in July 2017 he briefly unseated Microsoft co-founder Bill Gates as the wealthiest person in the world. [213]
After the sale plan, Bezos would own about 912 million Amazon shares, or 8.8% of the outstanding stock. He sold shares worth roughly $8.5 billion in February, after the stock rallied 80% in 2023.