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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. [15] [16] On July 16, 1995, Amazon opened as an online bookseller, selling the world's largest collection of books to anyone with World Wide Web access. [17]
Earlier this year, Bezos sold 14 million shares of Amazon.com Inc. worth $2.4 billion, the last batch in his plan to sell 50 million shares by Jan. 31, 2025. With this latest transaction, Bezos ...
Amazon.com, Inc., [1] doing business as Amazon (/ ˈ æ m ə z ɒ n / ⓘ, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. [5]
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.
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]
Amazon’s stock now sits a hair above its 52-week low of $92.01 per share, bringing the market cap to $939.78 billion as of Nov. 2, 2022 — having dipped below $1 trillion for the first time ...
He was first included on the Forbes World's Billionaires list in 1999 with an estimated net worth of $10.1 billion, which placed his on the 19th position in the world and 10th in the USA. [199] His net worth decreased to $6.1 billion a year later, a 40.5% drop. [ 200 ]
Dimon’s net worth according to Forbes is $2.1 billion. “The way he of course became fabulously wealthy was to get the stock, keep it and have the stock price go up,” said Johnson.