When Bezos convinced his siblings to invest $10,000 in the company, today the amount is…

Ronit Kawale
Ronit Kawale  - Senior Editor
3 Min Read


highlights

Amazon was established in 1994.
The company went live on the Internet in 1995.
This was a book selling platform.

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New Delhi. Amazon was founded by Jeff Bezos in 1994. At that time the Internet was used very rarely and the idea of ​​an online book store seemed very risky to everyone. The company was also working hard for success. To save his dream, Jeff Bezos decided to ask for funding from his siblings and friends. According to the book “The Everything Store: Jeff Bezos and the Age of Amazon”, he also convinced his brother Mark Bezos and Christina Bezos to give him $10,000.

According to the book, he told his siblings, “I want you to understand the risks of this because even if this business doesn't work out, I still want to be home for Thanksgiving.” According to a report, in 1994, Bezos held more than 60 meetings with his family members, friends and potential investors to convince them to invest in Amgen.

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How much is the brother and sister's property?
Mark and Christina then invested 10-10 thousand dollars in the company. According to Yahoo Finance, today this amount has increased by 1,02,49,900 percent and has crossed 1 billion dollars. However, there is no official record in this regard and the exact information is not publicly available about the amount of wealth of both of them now. Markey and his wife had made a profit of $600 million from the original shares of Amazon in 2018. According to a report in 2018, the value of the shares held by Jeff Bezos' siblings at that time was $ 640 million per person. Then the value of Amazon shares was $91. Today one share is worth $149. In this sense, both have shares worth $1.044 billion.

about amazon
Today, Amazon is the sixth largest company in the world with a market cap of $1.86 trillion. Till 2019, the market value of the company was not even 1 trillion dollars. But during Covid, there was a sharp jump in the market cap of many tech companies. In 2021, the company became worth $1.69 trillion but in 2022 it fell to $856 billion. Amazon started as an online book store but today it is one of the largest tech companies. Now it has become a big player in cloud computing and e-commerce.

Tags: Amazon, Jeff Bezos

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