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People are mind-blown after finding out how much money Amazon makes each day

Home> News

Published 14:06 6 Dec 2023 GMT

People are mind-blown after finding out how much money Amazon makes each day

No wonder Amazon founder Jeff Bezos is so rich with these numbers.

Prudence Wade

Prudence Wade

Christmas can be overwhelming - particularly when you think about the long list of people you have to buy presents for, and you haven't even started yet.

That's why so many of us turn to Amazon - after all, it's probably the easiest way to get last-minute gifts to your door in the shortest time possible.

You might use Amazon regularly, but you won't believe just how much money the ecommerce site is raking in.

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SOPA Images / Contributor

After all, its founder, Jeff Bezos, isn't the third-richest man in the world for nothing.

According to Jungle Scout, the retail giant’s average sales revenue sits at around $1.4 billion (£1.11 billion) every day. While shocking, it may also come as no surprise considering you can buy virtually anything on the online store - from books and clothes, to electronics and toiletries.

At the end of October, Amazon released its third-quarter results - and they were pretty eye-watering.

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Net sales increased by a whopping 13% to $143.1 billion (£113.6 billion) in the third quarter - which is an amount of money we really struggle to get our head around.

According to Jungle Scout, these numbers are bolstered by the sheer amount of people heading to Amazon - apparently there were 2.2 billion site visits from consumers in April 2023 alone.

In fact, Jungle Scout has suggested that Amazon dominates US ecommerce this year - accounting for 40% of the market, and dwarfing the likes of Walmart, Apple, eBay, Target and Home Depot.

And that may come as no surprise considering over half of consumers start their searches for various products on Amazon.

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A recent survey conducted by Jungle Scout found that Amazon was the favourite search destination among 51% of shoppers, miles above search engines like at 39%, Walmart at 34%, YouTube at 23% and Facebook at 22%.

SOPA Images / Contributor / Getty

And Bezos - who is no longer the company's CEO, but serves as the executive chairman of the board - is laughing all the way to the bank.

According to Forbes' real-time billionaires list, Bezos currently has a net worth of $169.2 billion (£134. billion), and is indulging in his passion for space exploration with his company, Blue Origin.

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That's not the only thing Bezos is spending his money on - he's also reportedly invested $42 million (over £33 million) into the construction of what is set to be one of the world's biggest clocks. And in his downtime, even his gadgets are expensive - he's known to be a fan of the $149.95 (£120) Ember smart mug.

Featured Image Credit: Credit: NurPhoto / Contributor / Nathan Stirk / Contributor / Getty
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