Who Owns Amazon? Largest AMZN Shareholders & Ownership 2025

Amazon is primarily owned by institutional investors who hold approximately 61.68% of shares. The largest individual shareholder is founder Jeff Bezos who has large stock ownership of around ~8.28% of the company.  

👉 Key Ownership Structure:  

• Institutional Investors: ~ 61.68%   
• Largest Individual Shareholder: Jeff Bezos (~ 8.28%) 

*As of 23 September 2025 

This article explores who the top ten largest Amazon (AMZN) shareholders are. This material is for informational purposes only and not financial advice. Consult a financial advisor before making investment decisions. 

Key Takeaways 

• Amazon's largest individual shareholder is founder Jeff Bezos with around 508 million shares.   
• The largest institutional shareholder is the Vanguard Group with around 324 million shares. 

Amazon Shareholders Ownership Structure

Amazon’s current ownership structure assigns roughly 61.9% of shares to institutional investors, about 8.5% to individuals (including Jeff Bezos), and the remaining around 29-30% to retail investors.  

When Amazon went public in May 1997, the company's ownership structure was more concentrated among Bezos, early private investors and only a few public shareholders. However, over the years, its ownership has shifted much more toward institutional holders such as mutual funds, pensions, and large asset managers. In the early years of the IPO, retail holders had a larger fraction of ownership but now it is smaller, around 30% of Amazon's shares. This ownership still allows retail investors some voice in shareholder proposals, but their influence is much smaller compared to institutions. 

Amazon's Board of Directors plays a central role in protecting shareholder interests. They oversee corporate acquisitions (like Whole Foods, MGM, etc), manage executive compensation and set policies. In the shareholder annual meetings, votes determine the board of directors and institutional shareholders often coordinate with each other to influence management decisions. While retail investors can submit and vote on resolutions, most proposals are based on the desired outcomes of institutional shareholders, giving them the most influence in Amazon’s strategic direction. 

💡 Key Insight: Due to their majority stake, institutional investors may have significant influence over Amazon’s corporate strategy, board member elections, acquisitions and corporate governance. 

Amazon Shareholders: Top 5 Institutional Owners

Amazon’s ownership structure offers a substantial amount of shares, most of them being held by institutional owners. The top five include:

1. Vanguard Group 

Vanguard Group was founded on May 1, 1975, and is the largest institutional shareholder of Amazon, owning around 6.4% of Amazon's shares, equivalent to 324 million shares.  

After more than 50 years in operation, Vanguard has become known for its low‑cost index funds for long-term investing. Its substantial stake in Amazon, and strong voting power mean it may influence strategic decisions such as approving acquisitions and corporate initiatives. 

2. BlackRock Inc 

BlackRock is another leading asset management company specialising in risk management and technology solutions. The asset manager owns 5.6% of Amazon, which is 284 million shares.

3. State Street Corp 

State Street Corp is one of the world’s largest global financial services and bank holding companies. It owns 3.2% of Amazon, which is 162 million shares.

4. Fidelity Management & Research 

Fidelity Management & Research is one of the largest financial service companies, supporting more than 3,600 advisory firms with technology and investment solutions. It owns 106 million shares of Amazon, or 2.1%.  

Through its influence as one of Amazon's top institutional shareholders, Fidelity Management & Research has strategic influence by voting on board nominations, strategic corporate decisions and policies.

5. T. Rowe Price Group 

T. Rowe Price Group is a global investment management firm founded in 1937, offering funds, retirement plans and other services. The asset manager owns 1.8% of Amazon, which is 90 million shares.

Amazon Shareholders: Top 5 Individual Owners

Besides the role of institutional investors, individual stakeholders also have a significant impact on the ownership of Amazon. The top five individual shareholders include:

1. Jeff Bezos 

As the founder, how much of Amazon does Jeff Bezos own? He owns around ~8.28% of the company (508 million shares), which makes him the largest individual shareholder. As of September 2025, his net worth was approximately $245 billion.  

His strategic vision was key to developing Amazon Web Services (AWS), which transformed the company from an online retailer into a cloud‑computing giant which now accounts for most of Amazon's revenues. He also helped to facilitate large‑scale corporate acquisitions.  

Bezos’s leadership style was known to emphasise long‑term thinking, experimentation, and customer obsession, instilling a culture where bold ideas - like Prime, AWS and Kindle - were allowed to grow even without immediate profit. He also launched the Bezos Earth Fund, dedicating $10 billion to address climate change, and through Bezos Expeditions makes private investments in sectors like media, technology, and biotech around the world. Bezos stepped down as CEO in 2021 but continues to influence Amazon’s strategy as executive chairman and through his major shareholdings.  

💬 Bezos’s Key Achievements 

• Pioneered cloud infrastructure via AWS, reshaping Amazon’s revenue model 
• Embedded culture of “customer obsession”, experimentation and long‑term thinking 
• Bezos Earth Fund and social‑impact ventures through Bezos Expeditions 

2. Andrew Jassy 

The CEO of Amazon holds 0.03% of Amazon stock, equivalent to 1.5 million shares. His current role and substantial investment align his interests with the company's performance. Before he became CEO of Amazon, he was already active in the company as SVP and CEO of Amazon Web Services for 18 years.  

3. Douglas Herrington 

Third on the list but still holding 0.02% of Amazon’s shares, this CEO of Worldwide Consumer at Amazon owns 1 million shares. In this role, he is the leader of global online shopping experiences. This consists of the operations and fulfilment of Amazon Business, Amazon Grocery and Prime.

4. Adam Selipsky 

The CEO of Amazon Web Services, Adam Selipsky, holds roughly 0.01% of Amazon’s shares. In his role within AWS, he leads marketing, sales, and support, helping to launch and grow this part of Amazon.  

5. Shelley Reynolds 

Reynolds is the Vice President of Worldwide Controller at Amazon and owns 0.005% of Amazon’s shares (250,000 shares). She has a key role within Amazon's financial operations.

Amazon Board of Directors 

The Amazon Board of Directors plays a central role in overseeing Amazon’s corporate governance, strategic decisions such as acquisitions, executive succession and pay, regulatory compliance, and shareholder interests. Below is a table of some of the most influential board members and a summary of their experience and impact: 

*LDC = Leadership Development & Compensation Committee 

*NCG = Nominating & Corporate Governance 

*Audit = Audit Committee 

*Security = Security Committee 

Source: Amazon Officers and Directors, 16 September 2025 

How to Invest in Amazon Shares 

With Admiral Markets, you can trade and invest in over 4,000 stocks, like Amazon, with a commission US stocks and ETFs of $0.02 per share with a 1 USD minimum commission. You can learn more about trading and investing commissions on the Admiral Markets Contract Specification page. 

1. Open an account with Admiral Markets by completing the onboarding process.
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Conclusion 

Amazon’s ownership structure is distributed among institutional and individual investors. The largest institutional shareholders are Vanguard Group and BlackRock Inc. The largest individual shareholders include founder Jeff Bezos and current top-management executives.

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FAQs on Largest Amazon Shareholders

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