Home Business News Amazon emerges as the most valuable US company

Amazon emerges as the most valuable US company

by Purvai Dua
8th Jan 19 10:25 am

Surpassing Microsoft as the world’s most valuable public company, Amazon has been named as the most valuable publicly-traded company in the US with a market value of $796.8bn.

Read also: World’s richest man Jeff Bezos just got richer

Microsoft closed up 0.1 per cent on Monday with a market capitalization of $783bn.

It is the first time that Jeff Bezos’ Amazon has held the top spot. Bezos is the world’s wealthiest man with riches of $135bn, according to Bloomberg’s billionaire index.

Founded in 1994, Amazon started life as a niche second-hand bookseller and has become an online retailer of items ranging from fresh food to clothes.


Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]