April 14, 2020
1994 A small online venture was started in this garage in Washington, USA.
Its founder, a 30 year old man borrowed money from his parents, and started selling books online.
24 Years later that small garage startup with only 2 employees has leap frogged into one of the biggest companies in the world, with over 566,000 employees.
Its founder, Jeff Bezos is now the richest person in recent history, with a net worth
of over $150 Billion, which is currently $60 billion more than net worth of Bill Gates, the second richest person in the world. We all know the company as Amazon. So let us sit back and take a look at this amazing Business Empire ofAmazon & Jeff Bezos.
This time we have divided the business empire into 5 categories.
Lets begin with the first Offline.
Offline We will start our journey from Greenwich, Connecticut.
Are you feeling hungry? Let us do some grocery shopping.
We are now at Whole Foods Market, one the world's largest natural and organic foods supermarket chain. Whole Foods Market is owned by Amazon and it operates over 480 stores in North America and the U.K. Amazon also owns a chain of retail bookstores in the US called Amazon Books, a partially automated grocery store in Seattle, Amazon Go.
A smart video doorbell & home security company called Ring, and a technology company, Amazon Lab126. Lab126 products includes Amazon's Kindle, one of the best selling products across the world
From Offline let us move to the key business of the company, eCommerce.
Amazon is currently world's second most valuable company. Its market cap is three times more than the market cap of retail giant, Wallmart. Amazon provides services to more than half of the world’s population.
The company has shipped over 400 items per second at its peak. Amazon Prime, the paid subscription service of the company, has over 100 million subscribers worldwide, which is greater than the entire population of the UK, Australia, New Zealand and Hong Kong combined. United Kingdom Amazon is also the second largest logistics company in the world, with over 160 million sq ft of warehouse space in 109 countries. The company even delivers to remote locations like Alaska and is also developing a drone-based
delivery system, Amazon Prime Air, that will provide the delivery of your orders in 30
minutes.
Company's other eCommerce ventures include, Zappos, the shoe and clothing retailer based in Las Vegas; AbeBooks, the Canada based online marketplace for books & fire arts, where an Italian book about History of Birds, was sold for a whopping $191,000.
Amazon also operates Audible, the world's largest producer of downloadable audiobooks; Woot, the Dallas based one day one deal site and also UK based online book seller Book Depository.
The company has recently acquired the online pharmacy company and also owns the largest eCommerce platform in the Arab world Souq.com. Digital Assets We will now talk about the cloud. Not this cloud, but this one. Cloud Computing.
Amazon Web Services, owns a dominant 34% of all the cloud storage, and provides on-demand cloud computing & storage service to customers in almost all countries of the world. Their major clients include Netflix, Adobe, NASA, Ola, Samsung and Vodafone. Amazon also owns, A9.com, the California based search engine technology company; Alexa Internet,
the web traffic data and analytics company, that provides information of over 30 million websites.
Digital comics website ComiXology and Twitch.tv the live streaming video platform with over 15 million daily active users.
The company also owns many popular websites that include DPReview, Goodreads and the coveted IMDb, with over 83 million registered users.
Time to look at some other ventures of Amazon.The company owns a game studio and has developed games like Breakaway and Crucible.nThey also own an e-books publishing house with offices across the US and Europe. The company also operates LA based film & TV production studio, which produced films like Manchester by the Sea and The Big Sick. While, their Internet video on demand service, Amazon Video offers over 18,000 movie titles. The company has also acquired the global TV rights of The Lord of the Rings for a whopping $1 billion. Let us dive in a bit further find out what else does Jeff Bezos own? Bezos owns the largest newspaper published in Washington called Washington Post. He has also founded the space technology firm Blue Origin, which aims to provide spaceflight services. The company is planning moon landing by 2023 and aims to create permanent settlements on moon and mars.
Bezos has also has invested in Unity Biotechnology, the company is
looking at a cure for aging and age-associated diseases. He has also made major investments in multiple big companies that include Twitter, Airbnb, Uber and Business Insider. Moreover, he is also building a mechanical clock that will run for 10,000 years. Finally, Bezos was also one of the first investors in Google investing $250,000 in 1998. That investment alone, today is valued at $6 billion. So even if he would have never started Amazon or never acquired any of his businesses, still his Google investment alone would have made him a multi-billionaire. All i can say, this is the amazing Business Empire of Amazon and Jeff Bezos.
I think now we clear how big is Amazon.
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