Jeff Bezos Built Amazon Into a $1.8 Trillion Company. Here's How Andy Jassy Is Making It Worth Even More.
Jeff Bezos founded Amazon (NASDAQ: AMZN) in 1994 and served as its CEO until July 5, 2021. From the company's May 1997 initial public offering through the day he stepped aside, Amazon's market cap grew from under $500 million to $1.8 trillion. That's a remarkable record, and created immense wealth for patient shareholders. Bezos' successor, Andy Jassy, has overseen a 50% increase in Amazon's market cap to $2.7 trillion. However, the company's current size shouldn't dissuade people from investing. Here's why Jassy should continue to oversee strong profit growth that drives further stock price gains. Continue reading