Amazon.com, Inc has become the second company in the US, after Apple Inc, to be valued at US$ 1 trillion by Wall Street. On Tuesday, a surge in Amazon’s stock price, which is listed in the US stock exchange (Nasdaq stock exchange) briefly took it above the trillion-dollar mark for the first time.

Crossing the US$ 1 trillion marks is the newest chapter in an amazing story of growth for the company, founded in 1994, in Seattle by businessman Jeff Bezos. 24 years later, Amazon has garnered a major presence in everything from retail, to video streaming, to groceries, helping it rack up revenues of US$178 billion last year.

Jeff Bezos has become the richest man in the world, during this process, with a net worth currently estimated at more than $167bn, according to Forbes. Amazon went public at a share price of US$ 18 in 1997 and on Tuesday those shares hit $2,050, pushing the value of the whole company over $1tn.

The company started selling books and CDs online has turned into a giant corporation and have created their space in many different fields. Amazon has also been growing its own content business, developing TV shows and movies. Amazon also bought Whole Foods, the grocery chain, for $13bn as Bezos moved to expand Amazon’s food offering last year.

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