Amazon's Ownership Structure: An Overview
Amazon is a multinational technology company that has grown significantly since its founding in 1994. The ownership structure of Amazon is complex and involves various stakeholders.
Jeff Bezos and the Founders: The company was founded by Jeff Bezos, who initially owned 30% of the company. However, in 2021, he stepped down as CEO and transitioned to Executive Chair, with Andy Jassy taking over as CEO.
Major Shareholders:
- The Vanguard Group, Inc.: 7.6%
- BlackRock, Inc.: 6.3%
These institutional investors hold significant stakes in Amazon and have a substantial influence on the company's direction.
Amazon's Subsidiaries:
- Alexa Internet, Inc.
- Ring, Inc.
- Whole Foods Market, Inc.
Amazon has acquired several companies over the years, expanding its product offerings and increasing its market share.