Which Company Owns Amazon
On January 30, 2018, Amazon, Berkshire Hathaway, and JPMorgan Chase issued a joint press release announcing their intention to pool their resources to create a new healthcare company for their U.S. employees. With Amazon owning so many businesses, let`s take a look at the acquisition history of some of Amazon`s most famous acquisitions. Jeff Bezos, founder and CEO of Amazon, is the company`s largest shareholder, with 55.5 million shares representing 11.1% of the outstanding shares. Bezos served as CEO of Amazon from its inception until July 5, 2021, when he resigned in favor of Andrew Jassy. Bezos is currently No. 1 on Forbes` list of the world`s richest people. His net worth suffered a brief blow in 2019 when he finalized his divorce from MacKenzie Bezos, which helped him get started with Amazon. As part of the settlement, Bezos retains control of the voting rights over his entire stake, even though his former wife owns 25% of those shares. Bezos also invests his money on a personal level. He was an angel investor in Google and had invested $1 million in the company in 1998.
It also invested $112 million in Airbnb and $37 million in Uber. When Amazon was launched, it sold books online, but quickly expanded to sell everything from electronics and software to food, toys, clothing, and furniture. Amazon increased revenue from $8.47 million in Q4 1996 to $16 million in Q1 1997. Although this was considered relatively low income, Amazon went public in 1997 at $18 per share. This gave the company a market value of about $438 million. Amazon founder Jeff Bezos founded his company in 1994 from a garage. He currently ranks second on the list along with Tesla founder Elon Musk and Microsoft co-founder Bill Gates. Jeff Bezos` net worth is estimated at about $191.4 billion. From its online sales, it generated $368 billion in revenue in 2020, a 38% increase over regular sales. Amazon`s acquisition of Audible for $300 million turned out to be a wise decision. According to the company, it generated sales of $2.9 billion in 2019, an increase of 22.7 percent.
This makes Audible the most profitable Amazon company. It`s unclear if Kiva will play a role in Amazon`s logistics, but the company`s expertise in automated stacker cranes could be invaluable. This becomes clear when Amazon uses thousands of bots to manage delivery. The company produced and released its first original feature film, Spike Lee`s Chi-Raq, in 2015. Entrepreneur and e-commerce pioneer Jeff Bezos is the founder and CEO of e-commerce company Amazon, owner of the Washington Post, and founder of space exploration company Blue Origin. His successful business ventures have made him one of the richest people in the world. Born in New Mexico in 1964, Bezos had an early love for computers and studied computer science and electrical engineering at Princeton University. After graduation, he worked on Wall Street and in 1990 became the youngest senior vice president of investment firm D.E.
Shaw. Four years later, Bezos quit his lucrative job to open Amazon.com, an online bookstore that has become one of the Internet`s biggest success stories. In 2013, Bezos bought the Washington Post and in 2017, Amazon acquired Whole Foods. In February 2021, Amazon announced that Bezos would step down as CEO in the third quarter of the year. In August 2019, NASA announced that Blue Origin was among 13 companies selected to collaborate on 19 technology projects aimed at reaching the Moon and Mars. Blue Origin develops a safe and accurate landing system for the moon as well as engine nozzles for liquid fuel rockets. The company is also working with NASA to build and launch reusable rockets from a renovated complex outside NASA`s Kennedy Space Center. By leveraging technological innovations, Amazon is disrupting industries that have been established for years. In terms of size, it is the largest market for online goods, the assistant with the artificial intelligence provider, live streaming platforms and computer applications in the RIncome-based cloud platform also market capitalization. The company generates the largest turnover in the world.
In 2020, Amazon is the most valuable in terms of branding, as are amazon-owned companies. IMDb is not only available online, but is also owned by Amazon, which has the world`s largest movie database. Detailed plot summaries, reviews, in-depth plot summaries, actor and crew information, actor biographies, technical specifications, and interesting films are all available on IMDb. The IMDb database contains approximately 6.5 million entries and 10.4 million profiles (as of January 2020) and has 83 million registered users. Two years later, it unveiled the Blue Origin lunar lander, claiming that the company was conducting test flights of its New Shepard suborbital rocket, which would take tourists into space for a few minutes. Publishers, musicians and authors can publish their work via CreateSpace`s self-publishing platform and have it distributed on demand. The company is active in the publishing and content distribution sector. Amazon bought CustomFlix and Book Surge in 2005 and then combined them into what became CreateSpace.
Amazon owns more than 100 businesses. Many of these companies are based in the United States, while others are based around the world. Technology, food, media and medicine are part of Amazon`s portfolio. Amazon is owned by Jeff Bezos, although he announced in early 2021 that he would step down as the company`s CEO. And finally, there`s Nash Holdings, a private company owned by Bezos that the Washington Post bought in August 2013 for $250 million. Either way, Amazon wants to expand into many areas or acquire many startups, or has a personal interest in acquiring something that can take their business further. There are several subsidiaries that play an important role in early pioneering work in their respective fields, including Twitch, IMDb, Whole Food Market, Audible, and a long list of others. Let`s explore the lucrative business areas for What Companies Does Amazon Own. Bezos then launched an investigation into the motivations of the National Enquirer and its parent company American Media Inc.
The following month, in a lengthy post on Medium, Bezos accused AMI of threatening to post explicit photos if it did not withdraw the investigation. Then there`s Bezos Expeditions, which manages Jeff Bezos` venture capital investments. These investments included Twitter, Workday, Business Insider and Stack Overflow. Amazon.com Inc. was founded by Jeff in July 1994 as an online bookstore and has since become the world`s largest e-commerce company. According to the press release, the company will be “freed from cost-effective incentives and constraints” as it seeks to find ways to reduce costs and increase patient satisfaction, with a focus on technology solutions first. Amazon.com Inc. (AMZN) is a leader in e-commerce and cloud computing and one of the largest companies in the world. It has a market capitalization of $1.9 trillion as of July 7, 2021.
The company was founded in 1994 by founder Jeff Bezos as an online bookstore, but has diversified into an e-commerce giant that sells virtually everything, including electronics, clothing, furniture, food, toys, and more. At the time of Amazon`s acquisition, Whole Foods was an independent company with a market capitalization of nearly $10 billion. It ranked No. 176 on the 2017 Fortune 500 list. Since then, Amazon has lowered the prices of essential foods and integrated its Prime service into Whole Foods` customer experience. Whole Foods is an American grocer that prides itself on being one of the few USDA certified organic stores in the country. Initially, the company operated under the name Safer Way. Whole Foods had a market capitalization of nearly $10 billion when it was acquired by Amazon. On the 2017 Fortune 500 list, the company ranked 176th.
The company has since lowered essential food prices and improved the overall store experience for customers. It was also Amazon`s first major initiative in physical retail, as Whole Foods operates hundreds of stores. It`s now easier for customers to place orders through Amazon Fresh, a free shipping service, and Whole Foods Market. Kiva Systems, now renamed Amazon Robotics, was one of Amazon`s biggest purchases at the time of the acquisition in 2012. Founded in 2003, the company develops and manufactures robotic systems for a variety of applications and was independent at the time of its acquisition. MGM, which stands for Metro-Goldwyn-Mayer, is an entertainment company focused on the production and distribution of film and television content. It was formed in 1924 by the merger of Metro Pictures Corp., Goldwyn Pictures and Louis B. Mayer Productions. Today, the company has an extensive library of high-end film and television content, including two of the most successful film franchises in film history: James Bond and Rocky. With 498,525,023 common shares outstanding in 2020, Jeff Bezos is Amazon`s largest investor with a 15.1% stake in the company. Of that 15%, however, Jeff Bezos retains all the vocal power.
While 25% of that 15% (about 19.5 million shares) are held by MacKenzie Bezos, after her divorce. Clothing and footwear company Zappos has the largest online presence in the world. It has grown rapidly since its inception in 1999 and was independent until 2009, when Amazon bought it for $1.2 billion. .