BREAKING NEWS: Illegal immigrant charged with murder in Tibbetts' death Full Story

Amazon worth more than Microsoft for first time

Move over Microsoft. Amazon is now the biggest company in the state of Washington -- and third largest in America....

Posted: Feb. 6, 2018 3:22 PM
Updated: Feb. 6, 2018 3:22 PM

Move over Microsoft. Amazon is now the biggest company in the state of Washington -- and third largest in America.

Amazon's market value soared above $685 billion, making the Jeff Bezos-led giant worth more than Microsoft for the first time ever. Microsoft's market value currently stands at $684 billion.

Amazon now trails only Apple, which has a market cap of about $815 billion, and Google owner Alphabet, valued at $750 billion.

These tech giants are all in a race to the magical trillion dollar level, a height that no U.S. company has topped as of yet.

But Amazon clearly has the most momentum. Its stock has soared nearly 21% this year, well ahead of the gains of Alphabet and Microsoft. Apple's stock has fallen year-to-date.

Bezos has already passed Microsoft co-founder Bill Gates as the wealthiest person on the planet back in October, according to Forbes and Bloomberg. Bezos is now worth $116 billion, nearly $25 billion more than Gates.

Berkshire Hathaway CEO Warren Buffett and Facebook's Mark Zuckerberg rank third and fourth in the world's richest rankings.

Article Comments

Mason City
Clear
62° wxIcon
Hi: 71° Lo: 49°
Feels Like: 62°
Albert Lea
Clear
64° wxIcon
Hi: 69° Lo: 49°
Feels Like: 64°
Austin
Clear
63° wxIcon
Hi: 69° Lo: 48°
Feels Like: 63°
Charles City
Clear
63° wxIcon
Hi: 69° Lo: 49°
Feels Like: 63°
Rochester
Clear
62° wxIcon
Hi: 68° Lo: 50°
Feels Like: 62°
Clouds will clear overnight as we remain cooler across the area.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Fill the Boot Campaign

Image

New Task Force to Tackle Housing

Image

Legacy Run for Children of Veterans

Image

Jeremiah Wilcox

Image

Body Recovered Might be Mollie Tibbetts

Image

Olive Garden gives back in Rochester

Image

Warning about person going door to door

Image

DMC 5 year update

Image

Murder trial gets underway in north Iowa

Image

KIMT StormTeam 3 Weather Forecast (8-21-18)

Community Events