Illustration by Alex Castro / The Verge Amazon made international headlines this year by becoming the 2 nd US company to reach the milestone of a $1Tn market value. Founded in Jeff Bezos’ basement in 1994 Amazon started off as an online bookstore and since then has seen rapid growth to become the largest online retailer in the world, making over $170B in 2017 alone. Jeff Bezos, Amazon founder and CEO This boom has made its founder the richest person alive, with over $160B in net worth; 56% more wealth than the 2 nd richest person, Bill Gates. But how does Amazon make such a profit? How did it make Bezos the richest person on Earth? The answer lies, in part, to what plagues so many successful companies throughout history: the exploitation of workers and the evasion of tax. Sleeping under bridges. Urinating in bottles. Timed toilet breaks. These are just some of the accusations made against Amazon and they tell a story of a company so determined to maximise eff...
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