On May 15, 1997, Amazon, then an online bookstore, went public.

The company’s stock has seen a stunning 36% compounded annual gain since then.

Amazon closed at $961.35 on Friday, giving the company a market value of about $466.2 billion. That’s 490 times its split-adjusted stock price close at $1.96 on day one.

Amazon has earned fortunes for its most disciplined shareholders and its founder, Jeff Bezos, who in March became the world’s second-richest person, overtaking Berkshire Hathaway CEO Warren Buffett and retail tycoon Amancio Ortega.

http://www.businessinsider.in/Amazon-went-public-20-years-ago-today-heres-how-much-its-earliest-investors-have-earned/articleshow/58695358.cms

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