Jan 8, 2019

Amazon becomes world's most valuable public company

Amazon, formed 25 years ago, has eclipsed Microsoft to become the world's most valuable listed company. Jeff Bezos, the founder of Amazon, is the world's wealthiest man, with riches of $135bn, according to Bloomberg's billionaire index. It is the first time Amazon has held the top position. Founded by Mr Bezos in 1994, Amazon started life as a niche second-hand book seller and has become an online retailer of items ranging from fresh food to clothes. In August, Apple became the world's first public company to be worth $1tn, while Amazon achieved that valuation in September.

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