A lot of Bezos' net worth comes from Amazon stock Bezos holds at least 10% of Amazon's shares. Juliet, Tennessee, increased its total in the Philadelphia area during the pandemic, and possibly will have its first distribution center in Hawaii in the near future.īezos is also the richest man in the world with a net worth of over $198 billion as of July 2.Īlthough Elon Musk briefly took over Bezos' title as the world's richest man, Bezos has reclaimed the top position with a net worth of $198.5 billion as of July 2, 2021, according to Forbes.
There are over 100 fulfillment centers in the US according to CNBC, but Amazon is continuing to expand that number. That has since grown to 474,516 square feet in 2020. In 2010, the company's properties totaled 30,085 square feet. Based on Amazon's Form 10-K, the company increased its physical space by 42% from 2019 to 2020. While Amazon has grown in online presence with over 200 million Prime members globally according to the first quarter of 2021 earnings report, it has also grown its fulfillment centers to pack and fill customers' orders.Īmazon's CFO Brian Olsavsky said in the company's earnings call that it expected to increase the company's "network square footage" - physical offices, grocery stores, and fulfillment centers - by 50% in 2020. In May, the company announced it is planning to hire 75,000 new employees in the US and Canada for its fulfillment and transportation network which would include an average starting wage of $17 and signing bonuses of up to $1,000.Īmazon's physical presence in offices, stores, and warehouses grew 42% between 20. The company is still looking to hire more workers amid the pandemic. The company had a large hiring surge from 2019 to 2020, adding 500,000 workers for a total of 1,298,000 in 2020. "Setting the bar high in our approach to hiring has been, and will continue to be, the single most important element of 's success," Bezos wrote in the 1997 letter to shareholders.Īs seen in the chart, Amazon has hired more and more workers over time. In Bezos' 2020 letter to shareholders, Bezos noted back in the first letter to shareholders in 1997 the company grew by 456 employees to 614.
In fact, Amazon saw its largest closing stock price ever on Septemat $3,531.45.Īs the company has grown, it has added hundreds of thousands of employees over the years. The company's shares closed at $3,448.14 on June 29, 2021.ĭuring the pandemic, the company still continued to thrive with people shopping online during lockdowns and temporary business closures. A New York Times article from 2004 wrote that 2003 was the first time the company saw annual net profits.Īmazon had its initial public offering on May 15, 1997. In 2001, the company said there would be 1,300 layoffs, closure of a Georgia distribution center, and closure of a Seattle customer service office to try to turn a profit by the end of the year. The cloud computing service brought in $13.50 billion in net sales in the first quarter of the year.Īlthough the company's net sales were increasing over time, the first few years were hard in making a profit.
It made up 12% of Amazon's net sales in the first quarter of 2021, per reporting from CNBC on the company's quarterly earnings report. According to the company's quarterly earnings report, net sales increased by 44% in the first quarter of 2021 relative to the same quarter in 2020 to $108.5 billion.Īmazon Web Services has also grown and has contributed to the company's net sales. Net sales in 2020 was also 1,029% higher than the $34.2 billion in net sales 10 years earlier.Īmazon's sales continue to climb as people shop online during the pandemic. In 2020, the company's net sales were $386.1 billion, 37.6% higher than the $280.5 billion a year earlier. GoodReads, which the company acquired in 2013, and Audible are two subsidiaries of Amazon per a list compiled by Buzzfeed News.Īmazon's net sales have increased exponentially over the years and reached over $108 billion in the first quarter of 2021. The company bought supermarket Whole Foods for over $13 billion in 2017. According to one study by Edge by Ascential, a company focused on ecommerce data and analysis, using gross merchandise values, Amazon could also soon surpass Walmart as the largest retailer overall in the US.Īmazon has also expanded its presence by acquiring different businesses. (Ayman Nobani/Xinhua via Getty) (Xinhua/Xiong Sihao via Getty Images)Īccording to Digital Commerce 360, Amazon made up 31.4% of US ecommerce sales growth in 2020.Īmazon's dominance continues to grow.
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