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Know some unknown facts about Amazon

Amazon

The company’s structure is straightforward. Amazon is and has been owned by its investors. Amazon’s three founding shareholders — Jeff Bezos, Amazon’s co-founder and chief executive, Amazon’s chief financial officer, Dave Clark, and the company’s president, Jeff Wilke — own 16 percent of the company’s shares, according to the company’s 2018 proxy statement. Bezos owns about 17 percent of Amazon, and Clark owns about 3 percent. Wilke’s ownership is undisclosed.

Despite not being a majority shareholder, Bezos has been the company’s chief executive for more than two decades, according to the company’s 2018 proxy statement.

Although many people shop online from amazon, most people do not know who owns amazon. Amazon has been around for more than two decades. Although it is mostly known as an e-commerce giant, it has diversified into other areas, such as cloud computing and artificial intelligence. The company has also made some notable acquisitions in recent years. So who are the people behind Amazon? Who are the company’s shareholders? What are their backgrounds? And what do they own? Here are some facts about Amazon’s ownership structure.

IndustryRetailingFounded1994Country/TerritoryUnited StatesChief Executive OfficerJeffrey P. BezosEmployees1,298,000Sales$386.1BHeadquartersSeattle, Washington

Industry Retailing

Founded 1994

Country/Territory United States

Chief Executive Officer Jeffrey P. Bezos

Employees 1,298,000

Sales $386.1B

Headquarters Seattle, Washington

Website https://www.amazon.com

Company Type Public

Ticker AMZN

Revenues ($M)$386,064

Profits ($M)$21,331

Market Value ($M)$1,834,745

Recent Acquisitions of Amazon

Amazon has made some notable acquisitions in recent years. Its biggest deal to date is Whole Foods. The company has made multiple similar purchases since that deal was announced in June 2017. One acquisition, for instance, was of the streaming-video platform Twitch in 2015.

Amazon has also made a number of smaller acquisitions, including purchasing online pharmacy startup PillPack, which it acquired in June 2018. However, the biggest merger of all is the company’s merger with Whole Foods. That deal was announced on Aug. 28, 2017, and it closed on Aug. 28, 2018.

Amazon is majority-owned by Amazon CEO Jeff Bezos. Bezos owns approximately 78.8 million shares of Amazon. 

Most known owner of Amazon (Jeff Bezos)

Jeff Bezos, the founder and CEO of Amazon owns approximately 16% of the company’s shares. A number of other wealthy individuals, including Amazon’s former chief financial officer, Tim Barratt, and venture capitalist and former governor of New Mexico Bill Richardson, own other shares in the company.

Bezos owns over 50 percent of Amazon’s shares, and his total ownership stake is valued at $90.3 billion. However, he has pledged not to sell any of his shares in the company for at least 10 years. Bezos also hasn’t disclosed his net worth. However, he is estimated to be worth $92.

Jeff Bezos participates in a discussion during the Clinton Global Initiative America meeting in New York, the U.S., on Tuesday, Sept. 20, 2016. Lucas Jackson.

Amazon Founder’s Background

Briggs owns 18 percent of the company. He’s also the founder of Xoom, a money transfer service, which Amazon acquired in 2015. The remaining 11 percent of the company is owned by the company’s employees, which is known as Amazon’s Employee Stock Ownership Plan. Amazon has had a history of maintaining an employee ownership plan since it was founded in 1994.

The company’s founders were Jeff Bezos, a founder and CEO of Amazon, and Dave Briggs, an engineer who developed the core operating system for the original Amazon Web Services platform. Bezos became CEO of Amazon in 1998 when he was 34 years old, and he has held that position ever since. He is currently the world’s richest man, and according to Business Insider, he owns nearly 59 percent of the company.

Future Planning of Amazon

Amazon.com Inc. is a publicly-traded company. It has more than 500,000 employees worldwide and is also the second most valuable company in the world, after Apple Inc. The company started as a bookseller and offers a wide variety of other products and services, such as groceries, fashion, home and kitchen appliances, electronics, digital services, and video games.

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