Amazon went public at $18 a share in 1997 - on Tuesday those shares hit $2,050, pushing the value of the whole company over $1trn.
Even with Amazon hitting the $1 trillion mark, Ben Barringer, an equity research analyst at Quilter Cheviot, said Amazon still has a long way to go - but say they, one day, could end up bigger then Apple. Bezos, Amazon, and the Bezos owned Washington Post have become frequent targets of criticism from President Donald Trump.
The tech and retail behemoth, founded as an online bookstore by CEO Jeff Bezos in 1994, has only been consistently profitable since 2015. Amazon has achieved the milestone just weeks following Apple's $1 trillion valuation.
Shares of Amazon's stock rose 1.9 percent Tuesday morning to $2,050.50 - 23 cents above the amount needed to bump Amazon over the $1 trillion line. "Now that it has several high-margin revenue streams, we're seeing those doubts subside". Amazon also operates the world's largest cloud-computing platform, Amazon Web Services, which rents computing power to a huge number of organizatons.
'Amazon has now become the second company to reach a trillion dollar valuation, following Apple in August this year, ' he said. The 54-year-old is now worth more than $166 billion, according to Bloomberg's billionaires index on Tuesday.
Bezos' riches have largely come through his ownership of 16.3% of Amazon's outstanding stock.
He added: "We continue to aspire to be Earth's most customer-centric company, and we recognize this to be no small or easy challenge. We know there is much we can do better, and we find tremendous energy in the many challenges and opportunities that lie ahead".