Amazon company is worth 1 trillion dollars
3 years ago (on Sep 7, 2018)
On Tuesday, Amazon became the second company in the world that was worth 1 trillion dollars.
Jeff Bezos founded the company in 1994 in Seattle. The company started with selling books and CDs online. Afterwards, it expanded its business and sold other goods online too.
Nowadays, Amazon is also a very big technology company. It makes a lot of money from selling its technology service to other companies.
Last year the company earned 178 billion dollars. Its founder, Jeff Bezos, is now the richest man in the world. He has 167 billion dollars.
If you invested 1000 dollars in Amazon in 1997, you would have more than 100000 dollars now.