Amazon Net Worth : News: Amazon, a prominent player in the e-commerce sector, has a net worth of $1310 billion in 2023. Starting as an e-book catalog, Amazon has expanded its offerings and gained popularity for its user-friendly platform, reliable service, and Amazon Prime membership.
Amazon Net Worth
Amazon’s Diversification and Profitable Ventures
Apart from e-commerce, Amazon has ventured into other lucrative areas such as Prime Video, competing with platforms like Netflix, and Amazon Web Services, a cloud computing service. These ventures have proven to be highly profitable for the company.
Amazon Net Worth
Key Details about Amazon’s Net Worth
– Name: Amazon
– Net Worth in 2023: $1310 Billion USD
– Net Worth in Indian Rupees: Rs. 120 Lakh Crore
– Revenue: $538.046 Billion
– Total Assets: $477.607 Billion
– Net Income: $13.072 Billion
– PE Ratio in 2023: 105.35
– Founder: Jeff Bezos
– CEO: Andy Jassy (since July 5, 2021)
– Founded: July 5, 1994, in Bellevue, Washington, United States
– Number of Employees: 1,335,000
Amazon Net Worth
Amazon’s Growth and Achievements
In 2020, Amazon joined the trillion-dollar club, along with Apple, Intel, and Alphabet. The company’s sales reached $1875 billion by the end of 2019, a 38% increase from the previous year. Amazon’s revenue and value have continued to soar, especially during the COVID-19 pandemic, as online shopping witnessed a significant surge. In the first quarter, the company’s market share increased by 44% to $108.5 million annually, surpassing analysts’ expectations.
The share price of Amazon has seen a 52-week range of $81.43 to $168.39, with a market cap of 1.460 trillion. In fiscal year 2021, the company generated $221.6 billion in revenue and recorded a profit of $114.803 billion.
Amazon’s Shareholders
– Top three individual shareholders: Jeff Bezos with 55.5 million shares, Andrew Jassy with 94,797 shares, and Jeffrey Blackburn with 48,967 shares.
– Institutional shareholders: Advisor Group Inc. holds 35.4 million shares, Vanguard Group Inc. holds 33.0 million shares, and BlackRock Inc. holds 27.0 million shares.
Amazon Net Worth
Examining Amazon’s Total Assets
– Total assets for the quarter ending June 30, 2023: $477.607 Billion
– Total assets for 2022: $462.675 Billion
– Total assets for 2021: $420.549 Billion
– Total assets for 2019: $225.248 Billion
Amazon Net Worth
Amazon’s Revenue
– Revenue for the quarter ending June 30, 2023: $134.383 billion
– Revenue over the twelve months ending June 30, 2023: $538.046 billion
– Annual revenue in 2022: $513.983 billion
– Annual revenue in 2021: $469.822 billion
– Annual revenue in 2020: $386.064 billion
– Annual revenue in 2019: $280.522 billion
Amazon Net Worth
From Small Start-up to Global Powerhouse
Amazon’s journey from a small start-up to one of the most valuable companies in the e-commerce sector is truly remarkable. Initially packing and shipping books themselves, Jeff Bezos and the initial team worked tirelessly to build the company. Despite skepticism from investors, Amazon transformed into a successful and income-generating business.
Amazon Net Worth
Net Income and Awards
In terms of net income, Amazon reported $6.750 billion for the quarter ending June 30, 2023, and $13.072 billion over the twelve months ending June 30, 2023. In 2022, the company experienced a net loss of $2.722 billion. However, in 2021, Amazon’s net income reached $33.364 billion, and in 2019, it stood at $11.588 billion.
Amazon has also received numerous accolades, including awards for Best Technology and Design Teams, Best Engineering Department, Greatest Work Establishments, Best Workplaces for Newbies, Best Jobs, Best Workplaces in Seattle, Perfect Place to Work in California, Best Cultural Globalization, and Flagship Brand Perspectives.
Conclusion
Overall, Amazon’s consistent growth in revenue, assets, and net income has firmly established it as a global leader in the e-commerce industry.
FAQs
Q: What is Amazon’s net worth in 2023?
A: Amazon’s net worth in 2023 is $1310 billion.
Q: Who is the CEO of Amazon?
A: The CEO of Amazon is Andy Jassy since July 5, 2021.
Q: What are Amazon’s key ventures apart from e-commerce?
A: Apart from e-commerce, Amazon has ventures like Prime Video and Amazon Web Services.
