Amazon Net Worth | Business Connect Magazine

Amazon Net WorthAmazon.com, Inc. is a multinational technology company based in the United States that specialises in e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been described as "one of the world's most influential economic and cultural forces," and it is one of the world's most valuable brands. Along with Alphabet, Apple, Meta, and Microsoft, it is one of the Big Five American information technology companies.Amazon's Revenue, Net Worth & Market CapWorth trillion-dollar company Amazon had a strong earning report in 2020 which helped it to be a part of the $1 trillion club, joining Apple, Microsoft, Alphabet (the parent company of Google), and, on occasion, Tesla. Amazon's revenue in 2021 was $469.82 billion, up 21.7% from $386 billion in 2020 and growing by tens of billions of dollars per year. Amazon's stock is currently trading at $136.25 per share, bringing Amazon's market capitalization to $1.36 trillion which is 104 lakh crores in Indian Rupees as of August 1, 2022.Amazon’s net worth is $1269.98 billion as of September 2022. The global revenue of Amazon’s Prime video subscription is 31.8 billion which is growing every year. The value of Amazon's streaming business may soar in a few years if it continues to outgrow its rivals and exhibits low churn rates. It might not be exaggerating, according to Bluesea Research, to say that Amazon Prime Video’s net worth could be a trillion-dollar.The Founder and his Net WorthIn 1994, Jeff Bezos started the massive online retailer Amazon in his Seattle garage. In July 2021, he resigned as CEO to take the position of executive chairman. As per Forbes, Jeff Bezos’s net worth is $ 142 billion as of September 2022. Amazon stock valued at $8.8 billion was sold by Bezos in 2021, and he also gave away some shares; he now holds slightly less than 10% of the company. Bezos is the owner of The Washington Post and Blue Origin, a rocket-development company; in July 2021, he made a brief space flight in one.Amazon’s CompetitorseBay, Walmart, Alibaba Group, Rakuten Group, Otto, JD(JingDong), Flipkart,MN and Netflix are the main competitors.Background:On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It began as an online book marketplace but has since grown to include a wide range of goods, earning it the nickname "The Everything Store." It has numerous subsidiaries, including Kuiper Systems (satellite Internet), Amazon Lab126, Zoox (autonomous vehicles), and Amazon Web Services (cloud computing) (computer hardware R&D). The company also has subsidiaries for Ring, Twitch, IMDb, and Whole Foods. With the $13.4 billion purchase of Whole Foods in August 2017, it significantly expanded its physical retail footprint.Amazon’s Future PlansGroceryAmazon will finally make the big purchase of Whole Foods in March 2022. Whole Foods is well known for its organic and diet-friendly products, which draw a lot of young people and people with dietary restrictions.Amazon GoSpeaking of physical stores, Amazon is mulling over a fresh idea. Large cities like Chicago and New York City have seen an increase in the number of Amazon Go stores, which let customers enter the store by simply scanning their membership cards. They don't even need a cashier because they can just take anything off the shelves and leave.PharmaceuticalsOne of the few market segments where Amazon hasn't made inroads is the medical sector, but that may soon change. The rights to PillPack, a prescription delivery service, were purchased by Amazon in 2018. Many housebound people would consider it a miracle if they could receive their medications along with an Amazon package the same day, so Amazon is certain to use this brand in the near future.Online ServicesYou may already be aware that a large portion of Amazon's revenue comes from web services. As 2022 goes on, Amazon's platform keeps expanding. The brand keeps expanding its network of sellers, customers, and clients exponentially even after fending off the biggest DDoS attack ever seen.Add Business Connect magazine to your Google News feedMust Read:-Top 10 Adorable Gifts for Your Special OneTop 10 Countries with Maximum Indian Population as CitizensTop 10 highest-paid CEO in the WorldTop 10 richest person of IndiaTop 10 Highest-Paid CEOs of India