Members spend an average of $1,200 a year, compared with $500 by non-members, according to the research firm.Īmazon's cloud computing unit also spiked. Prime Day, Amazon's annual promotional shopping festival earlier this month, was the company's largest ever sales day.Īmazon does not release figures for its Prime membership, but Consumer Intelligence Research Partners estimated US membership to be close to 63 million.
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"It's been a busy few months for Amazon around the world, and particularly in India - where we launched a new Region, introduced Prime with unlimited free shipping, and announced that Prime Video is coming soon, offering Prime members in India exclusive access to Amazon Original Series and Movies - including original content featuring top Indian creators and talent," said Mr Bezos.Īmazon has boosted Prime membership by improving its video streaming offerings, an area in which it competes with Netflix. In June, Amazon launched Prime in India to take advantage of the country's large consumer market. Profit for the e-commerce giant was $857m, compared with $92m in 2015.Īccording to Forbes estimates, Mr Bezos's fortune is only surpassed by Microsoft founder Bill Gates, worth $78bn (£59bn), and the $73.1bn (£55bn) fortune of Zara founder Amancio Ortega.Īmazon had developed a reputation for announcing little or no profit each quarter, but appeared to hit a turning point last year and has seen improving earnings since.Īmazon shares have spiked 50% since February.Īmazon's Prime membership, which offers extra services including free shipping for an annual fee, saw impressive international growth.
Forbes estimated his fortune to be $65.3bn (£49.5bn).Īmazon's revenue beat analysts' expectations, climbing 31% from last year to $30.4bn in the second quarter. Mr Bezos owns 18% of Amazon's shares, which rose 2% in trading on Thursday.
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