Jeff Bezos started the corporate about 26 years ago during a small garage. Today, Amazon has become a corporation with annual sales of 386 billion dollars (about 28.15 lakh crore rupees) and its business has spread in about 17 countries.
Amazon founder Jeff Bezos is stepping down as CEO. He are going to be replaced by Andy Jessie because the new CEO. Jeff Bezos started this company about 26 years ago during a small garage. Today, Amazon has become a corporation with annual sales of 386 billion dollars (about 28.15 lakh crore rupees) and its business has spread in about 17 countries.
When Jeff Bezos was interested in computing within the US, the IT industry was at an early stage. So he studied engineering at Princeton University .
How did the thought come
He started work on the stock exchange Wall Street after graduation and have become senior vice chairman at the investment company DE Shaw by the year 1990. But after four years, he was shocked to go away this job. He started the web site Amazon.com to sell books online by taking money from his parents. He named his company after the world’s longest river, Amazon.
Jeff started the corporate on July 5, 1994 with a couple of employees during a garage. Soon his business expanded and he took it to a two bedroom house. Their website was tested in July 1995 and received an incredible reception after its launch. Within a month of launch, Amazon started delivering books to the whole US and 45 other countries.
Stock market company
Within a couple of weeks, Amazon’s sales reached 20 thousand dollars every week and in October 1995, the corporate announced an inventory within the stock exchange . Its IPO came on the market on 15 May 1997 and therefore the price of 1 share was kept at $ 18.
Expansion like this
Amazon continued to possess success and its achievements over the subsequent years were as follows:
By the year 2001, Amazon became a corporation with an annual income of $ 1 billion.
In the year 2011, there have been 30,000 employees within the US in Amazon, which increased to 1,80,000 by 2016.
In the year 2007, Amazon introduced Amazon Music and Amazon Kindle.
In June 2013, Amazon started its business in India.
The total sales of the corporate reached US $ 386.1 billion within the year 2020. Not only this, its total income doubled to $ 7.2 billion within the December quarter.
Now Amazon’s business has spread to 17 countries.