NEW YORK — — Amazon founder Jeff Bezos has made history as the first billionaire to own a $1.5 trillion company.
The Washington Post reported that Bezos owns The Washington Post, a $4.5 billion company, with a total value of $1,965 billion.
The Post is one of the largest newspapers in the world and is the second largest in the United States.
Bezos is the founder and chief executive officer of Amazon.com Inc.
The company, which has more than 3.7 million employees and a market value of more than $200 billion, is valued at more than two times the size of the newspaper industry’s largest publisher, The New York Times Company.
Bezos is a former executive at the Washington Post and became the company’s chief executive in 2013 after serving for nearly 40 years as its publisher.
He is also chairman of The WashingtonPost.com, a website that offers articles and video on the newspaper’s website.
The Times Company was founded in 1854, when the New York Post and its sister paper, The Washington, D.C., Herald-Tribune were merged into the New Jersey-based Tribune Company.
It is a division of Time Inc., which owns The New Yorker, the Washington Times and many other newspapers.
The Bezos-founded company has been able to turn a profit and expand its business because of its focus on online advertising, technology and its ability to make money from advertising on other companies’ websites.