Amazon Hits $1 Trillion

Amazon founder Jeff Bezos saw his fortune swell to over $100 billion thanks to an online holiday shopping spree

Amazon became the second U.S. company to reach a $1 trillion market valuation, one month after Apple became the first.

The company’s stock gained 2 percent on Tuesday, hitting $2,050.27 per share. That puts the company’s market capitalization–the number of its outstanding shares multiplied by share price–at $1 trillion.

Amazon’s shares debuted at $18 on May 15, 1997. At $2,050.27 its shares are up around  136,584% since its IPO.

Amazon founder Jeff Bezos is the world’s richest man, worth over $150 billion. Bezos, Amazon, and the Bezos owned Washington Post have become frequent targets of criticism from President Donald Trump.

 

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