Who is the majority shareholder of Amazon?
Jeff Bezos founded Amazon.com Inc. (AMZN) as an online bookstore in July 1994 and has since evolved into the world's largest e-commerce company. Amazon offers a wide variety of products, including video games, software, electronics, clothing, toys, and food. A large portion of Amazon's revenue comes from other businesses. Aside from that, Amazon's entertainment streaming service produces its own films and TV series, and Amazon Music offers access to millions of songs. Ring, an Amazon subsidiary, also offers home security services.
As of July 9, 2020, Amazon had a market capitalization of nearly $1.6 trillion, making it one of the world's largest companies. Amazon generated $296.3 billion in revenue and $10.6 billion in net income in the trailing 12-month period ending July 9, 2020.
Jeff Bezos, Andrew Jassy, and Jeffrey Blackburn are the majority shareholders, while Advisor Group Inc., Vanguard Group Inc., and BlackRock Inc. are the majority institutional shareholders.
As of July 9, 2020, Amazon had a market capitalization of nearly $1.6 trillion, making it one of the world's largest companies. Amazon generated $296.3 billion in revenue and $10.6 billion in net income in the trailing 12-month period ending July 9, 2020.
Jeff Bezos, Andrew Jassy, and Jeffrey Blackburn are the majority shareholders, while Advisor Group Inc., Vanguard Group Inc., and BlackRock Inc. are the majority institutional shareholders.
The majority shareholder of Amazon is not a single controlling entity. The largest individual shareholder is Jeff Bezos, the company’s founder and former CEO. Although he stepped down as chief executive in 2021, he still owns a significant percentage of Amazon’s shares, making him its biggest individual stakeholder.
However, Amazon is a publicly traded company, so ownership is widely distributed among institutional investors and public shareholders. Major investment firms such as The Vanguard Group and BlackRock also hold large stakes. Despite this, no single shareholder holds more than 50 percent of the company, meaning Amazon does not have a traditional majority owner.
However, Amazon is a publicly traded company, so ownership is widely distributed among institutional investors and public shareholders. Major investment firms such as The Vanguard Group and BlackRock also hold large stakes. Despite this, no single shareholder holds more than 50 percent of the company, meaning Amazon does not have a traditional majority owner.
Oct 20, 2021 15:21