Amazon’s (AMZN) total market value has passed $1 trillion, following Apple’s ascent into 13-digit territory at the beginning of August.
A trillion dollars may be an arbitrary threshold, but it’s still a remarkable statement of how quickly the 24-year-old company has grown, and the boundless confidence investors have in its future.
Founded in 1994, Amazon is now the world’s largest online retailer. Its chief executive, Jeff Bezos, is the world’s richest man, with a net worth of more than $160bn.
Amazon is now worth $1,000,000,000,000
