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Amazon started off as an online bookstore, but today the company is a tech giant. Amazon is the largest e-commerce retailer in the world and is even opening physical stores. Today, the company has a market cap of $1.58 trillion thanks to Bezos’ vision. Amazon will likely become the biggest company in the world in a few short years as it is growing faster than other tech giants like Microsoft and Apple. Amazon is involved in autonomous driving, drove delivery, robotics, pharmaceuticals, groceries, consumer electronics, web services, and much more. Bezos is transitioning to a new role at the company this year. He will become Executive Chairman and focus more on big picture ideas as opposed to day-to-day operations at Amazon. Amazon’s growth in retail has made Bezos the richest person in the world. His net worth topped $200 billion in August 2020. Today, he’s worth slightly less with a net worth of $183.3 billion. Amazon sales were booming in 2020. Amazon’s e-commerce sales reached $416.8 billion last year. The company broke records in Quarter 4 of 2020 with $125.56 billion in revenue. In 2012, Amazon purchased robotics company Kiva Systems for $775 million. Amazon now has more than 200,000 robots working its warehouses, and eventually, all deliveries and manual labor in Amazon’s warehouses will be done by some sort of robot – drone or bipedal. Amazon is even taking on Elon Musk and Tesla. In June 2020, Amazon acquired autonomous driving company Zoox for $1.2 billion. Here’s a look at how Bezos turned Amazon into one of the most valuable companies in the world.
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00:36 Humble Beginnings
02:34 Amazon’s Transition to Retail Giant
03:53 Amazon Products
04:45 Food for Thought
06:08 Online Presence
07:19 Amazon’s Future