Who Owns Amazon
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Amazon is one of the largest and well known companies in the world. It is a giant in the e-commerce industry and is an innovator in the field of technology. But who actually owns Amazon?
The founder and current CEO of Amazon is Jeff Bezos. Bezos was the first to conceive and launch the business which is now known as the online retail giant. He is the largest share holder and owns 16% of the company’s shares. Despite being the founder and CEO of Amazon, he does not control the majority of the voting power of the company. As of 2021, institutional investors such as Vanguard, Fidelity, and Blackrock are the top three shareholders in Amazon and own approximately 21% of the voting stock.
The mutual fund State Street Corporation holds the fourth-largest share of the voting stock in Amazon, with about 8%. Other major shareholders include investment firms Wellington Management and T. Rowe Price, which together own around 5% of Amazon’s voting stock. The remaining shares are held by a range of smaller hedge funds, asset managers, and individual investors.
As of 2021, Bezos’ wealth is estimated to be well over $170 billion, making him one of the world’s wealthiest people. He has held a strong leadership role in Amazon since its founding and continues to exert a major influence on its strategic direction, although his voting power within the company is limited.