What is Jeff Bezos’s net worth, what’s Amazon’s share price and when did it become the most valuable company?
AMAZON chief Jeff Bezos is the richest man on the planet. To top it off, his company has eclipsed Microsoft to become the most valuable in the world. What is Jeff Bezos’s net worth? Jeff Bezos was worth £114billion. But after his pricey divorce, his fortune is now estimated at around £87million. Bezos agreed in […]
AMAZON chief Jeff Bezos is the richest man on the planet.
To top it off, his company has eclipsed Microsoft to become the most valuable in the world.
What is Jeff Bezos’s net worth?
Jeff Bezos was worth £114billion.
But after his pricey divorce, his fortune is now estimated at around £87million.
Bezos agreed in a divorce settlement with his ex-wife MacKenzie on April 4.
He retains all voting rights and 75 percent of their $143billion stake in Amazon.
It is said to be the most expensive divorce in history.
Even with this cut, he is still the world’s richest man, ahead of Bill Gates who has £76billion.
What is Amazon’s share price?
The online retailer hit the $1trillion mark in September 2018, only the second publicly-traded US company to reach the level of market capitalisation.
US tech firm Apple hit the mark five weeks before.
It only took Amazon 21 years to reach the milestone while Apple took 38 years.
In January 2019, the company was worth $797billion.
Analysts have indicated the company’s move to diversify its portfolio as driving the rise in the share price.
Last year, Amazon bought Whole Foods Market and moved into the grocery industry.
Peter Tuz, President of Chase Investment Counsel said: “It says a lot about Amazon and its ever-increasing dominance of segments of the retailing world as well as the web services business.
“They have a tiny share of the worldwide retail sales market so there’s a lot left to capture there.”
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When did it become the most valuable company?
Amazon became the most valuable company on earth in January 2019.
It marked the first time the company has held the top spot since it was formed 25 years ago.
When it was first launched, Amazon was a second-hand book seller.
Originally called ‘Cadabra’, from ‘abracadabra’, it sold its first book in 1995.
Within 12 months, Amazn sold books online across the US.
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