ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -In 1994 Jeff Bezos, a former Wall Street hedge fund executive, incorporated Amazon.com, choosing the name primarily because it began with the first letter of the alphabet and because of its association with the vast South American river.

Detailed explanation-2: -By the age of 30, Bezos was on a six-figure salary, but his realisation that the world of web was then growing at 2300% pushed him to start his own company-Amazon.

Detailed explanation-3: -With 64, 588, 418 shares, Jeff Bezos is the major individual investor. Owning 12.7% of the company. Other top individual investors comprise Amazon’s CEO Andy Jessy, with 94, 729 shares. Top institutional investors include mutual funds like The Vanguard Group (6.6% ownership) and BlackRock (5.7% ownership).

Detailed explanation-4: -Jeff Bezos started Amazon at age 30.