Who Actually Owns Amazon Stock

Who Actually Owns Amazon Stock

Who Actually Owns Amazon Stock

Amazon is one of the most well-known companies in the world, and, subsequently, one of the largest. Since the company is what’s known as “public,” its ownership is distributed among anyone who happens to hold shares of it, meaning that millions of people probably own Amazon either directly or indirectly. Still, there are some individuals and institutions that hold the most shares of the company, making them the largest percentage owners of Amazon. Today, we are going to take a look at those institutions and individuals to see: Who actually owns Amazon stock? The answer? Probably not that surprising. Let’s get started.

Who Owns Amazon Stock?

Amazon is one of the world’s largest companies, having cleared $1.88 trillion in July 2021 (yes, trillion with a t). In accordance with the dismal year that most other companies have had, Amazon isn’t worth as much as it once was, although it’s still floating right around the $1 trillion mark (in total market capitalization) right now. With so much value sitting in company ownership, owning large portions of Amazon becomes harder and harder, mostly making high-percentage ownership of Amazon something that only founders and the largest institutions in the world can attain. As the data shows, that’s exactly the case.

Currently, Amazon’s largest individual shareholder is a man named Jeff Bezos (ever heard of him?). Bezos founded the company back in 1994 in Bellvue, Washington, and originally sold books through its online marketplace. Jeff Bezos currently owns around 9.73% of all outstanding shares, although this number is likely to fluctuate as time goes on. Outside of Bezos, other individuals don’t really compare and are more drops in the bucket. It’s important to note, however, that Bezos operated as the founder and CEO until the reigns were handed over to Andy Jassy in July 2021, meaning Bezos is the largest shareholder but doesn’t control the company from the inside anymore (although he’s still on the board).

Another important note for Bezos’ Amazon ownership is his divorce back in 2019. After the split, his wife, MacKenzie Bezos, was given 25% of his Amazon shares since she helped found the company alongside him (instantly making her one of the richest women in the world).

Who Actually Owns Amazon Stock

Jeff Bezos on front page of The Economist.

Institutional Ownership of Amazon

For most large, publically traded companies, individual owners in large companies are quite rare and are mostly restricted to founders. When a company goes public, the shares that the founder is given are held even as the company grows and the share price increases. Outside of founders, institutional investors are usually the largest owners in companies, especially regarding Amazon. Currently, institutional ownership accounts for 59.83% of all outstanding shares, making them the largest type of shareholder (CNN – Money)

For the Internet Retail industry, Amazon has higher institutional ownership than most of its competitors. The reason? Well, it probably has something to do with the individual share price that Amazon commanded for such a long time. Amazon recently had a stock split of 20-for-1, meaning the price was divided by 20, and the outstanding shares were multiplied by 20 (the result makes each share cheaper, there are just more of them). With the current price of Amazon sitting around $90, that would make each share cost around $1,800 unadjusted. In late 2021, that share price would have been around $3,700.

For individual investors not associated with a large institution, spending nearly $4k on a single share simply isn’t feasible. This probably isn’t the only reason that institutional investors have so much ownership, but it is likely one of the biggest.

Breaking Down Ownership by the Numbers

Now that we understand the difference between institutional and individual ownership as it relates to Amazon, let’s look at some of the details regarding the exact companies and people that have a large share.

Individual investors

As we’ve mentioned, Jeff Bezos has, by far, the largest percentage ownership of Amazon of any individual. In fact, he has enough ownership to rival even the largest institutional investors. This massive share makes him incredibly wealthy and also gives him a big say in how the company is run. Here’s Bezos, plus the two nearest individuals, charted out (via Wall Street Zen and Investopedia):

IndividualPercentage StakeCurrent Value (Dec. 8th, 2022)
Jeff Bezos9.73% (~992 million shares)$87.60 billion
Andrew Jassey0.02% (~1.9 million shares)$169 million
Jeffery Blackburn0.01% (~1 million shares)$89 million
Who Actually Owns Amazon Stock

User browsing Amazon.com Inc stock price chart on a smartphone.

Institutional investors

Outside of Bezos, the rest of the major holders are all institutional in nature. There are 5.8 billion shares held by institutional investors, giving them nearly 60% of the total ownership. The usual big names are all on the list, including Blackrock, Vanguard, and other well-known holders. Here’s the breakdown (via Wall Street Zen):

InstitutionPercentage StakeTotal SharesCurrent Value
Vanguard Group Inc6.88%701,550,877$61.91B
Blackrock Inc5.71%582,127,081$51.37B
State Street Corp3.23%329,849,003$29.11B
Fmr LLC2.96%302,056,199$26.66B
Price T Rowe Associates Inc2.77%282,601,501$24.94B
Geode Capital Management LLC1.55%157,659,175$13.91B
Morgan Stanley1.18%120,416,818$10.63B
Capital Research Global Investors1.03%105,050,354$9.27B
JPMorgan Chase Co0.99%100,509,386$8.87B


Overall, Amazon ownership reflects what most large companies do, meaning they have a founder figure with large holdings, a few smaller insider employees with a fraction of the holdings, and the rest is majority held by large and well-known institutions. Here are a few important things to remember:

  • Jeff Bezos is the largest shareholder of Amazon, with a current stake of 9.73%. The nearest secondary individual shareholder is Andy Jassey, the current CEO of the company. Jassey holds .02% of the company.
  • The largest institutional investors are Vanguard, Blackrock, and State Street Corp who own 6.88%, 5.71%, and 3.23%, respectively. Overall, institutions own around 60% of the total outstanding shares, which is higher than other online retail competitors.
  • The institutional investorship is partly the result of an incredibly high share price, making it tough for retail investors to enter the market.

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Frequently Asked Questions

Who owns the most Amazon stock?

The largest single shareholder of Amazon stock is Jeff Bezos, the founder of the company.

How much of Amazon does Jeff Bezos own?

Jeff Bezos owns around 9.7% of the company, making him the largest shareholder.

Did Jeff Bezos lose his Amazon shares?

25% of Jeff Bezos’ Amazon shares were distributed to his ex-wife, Mackenzie Bezos, after they divorced in 2019. He still maintains majority ownership of the company, however, despite stepping down as CEO.

How many Amazon shares does Jeff Bezos own?

Jeff Bezos owns around 9.7% of all Amazon shares, which totals around 992 million shares after the 20-for-1 stock split in 2022.

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