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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 websites are country-specific (for example, amazon.com for the US and amazon.co.uk for UK) though some offer international shipping. [51] Visits to amazon.com grew from 615 million annual visitors in 2008, [52] to more than 2 billion per month in 2022. [citation needed] The e-commerce platform is the 12th most visited website in the ...
For the first 27 of Amazon’s 30 years of existence, Jeff Bezos drove this magic machine. ... the cloud computing division that will generate more than $100 billion in revenue on its own in 2024. ...
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Jeff Bezos' parents, Jackie and Mike Bezos, invested $245,573 in Amazon in 1995. Now, their investment could be worth as much as $30 billion, according to estimates from Bloomberg. That would be a ...
His net worth surpassed $100 billion for the first time on November 24, 2017, after Amazon's share price increased by more than 2.5%. [218] When the 2017 list was issued, Bezos's net worth was registered at $72.8 billion, adding $27.6 billion from the previous year. [ 219 ]
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.