Amazon’s Growth and Jeff Bezos’ Stake
Amazon, co-founded by Jeff Bezos in 1994, has evolved from an online bookseller to a global retail and technology giant, now offering physical stores, devices, a streaming service, advertising, and cloud computing.
As of February, Bezos owns 950.4 million shares—8.8% of Amazon’s outstanding shares—valued at approximately $245.7 billion. His total net worth is estimated at $280 billion. Meanwhile, Amazon’s second-quarter sales reached $200.6 billion, marking a 20% year-over-year increase, with operating income rising 43% to $27.5 billion.
Amazon Web Services (AWS) significantly contributed to this growth, reporting a 36.8% year-over-year gain in sales to $42.2 billion, accounting for 60.5% of the company’s operating income.
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