Amazon Just Joined Apple in Elite Club

It's the second trillion-dollar company
By Evann Gastaldo,  Newser Staff
Posted Sep 4, 2018 11:17 AM CDT

(Newser) – Less than a month after Apple became the first US company to reach a valuation of $1 trillion, Amazon has become the second. Shares gained 2% to hit a record high of $2,050.27 Tuesday, and with nearly 488 million shares outstanding, that puts the 24-year-old company’s value above the trillion-dollar mark, Business Insider reports. Founder and CEO Jeff Bezos is worth about $166 billion, making him the world’s richest person. The Wall Street Journal notes that it took Amazon only 165 trading days to hit the milestone after reaching $600 billion in January. (Read more Amazon.com stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.