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Amazon emerges as the most valuable US company

Amazon emerges as the most valuable US company
10 Jan 2019

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.

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.

Amazon is now the most valuable company in the world:

Amazon: $797 billion
Microsoft: $789 billion
Google: $745 billion
Apple: $702 billion
Berkshire Hathaway: $485 billion

Source: London Loves Business

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