Amazon Subsidiaries

Amazon is a consumer e-commerce platform with a diversified business model spanning across e-commerce, cloud, advertising, streaming, and more. Over the years Amazon acquired several companies. Among its 12 subsidiaries, Amazon has, Audible, CamiXology,, IMDb, PillPack, Shopbop,, Twitch, Whole Foods Market, Woot! and Zappos.

Amazon subsidiaries

Amazon has many known subsidiaries, with a culture of mergers and acquisitions starting in the late 1990s after an IPO amid the dot-com bubble.

When many of these dot-com companies went bankrupt in the early 2000s, the company became more cautious and only invested in two companies between 2000 and 2004.

In 2005, however, the strategy recommenced in earnest as Amazon acquired a mixture of media websites and online retailers.

From 2011 onward, the company broadened its focus with acquisitions in the pharmaceutical, live streaming, and grocery industries to name just a few.

While we could never list them all, below is a selection of five Amazon subsidiaries.

Read: Amazon Business Model.

Whole Foods Market

Founded in 1980, in Austin, Texas, Whole Foods was born as a natural foods store. In 2017, Amazon acquired it for about 14 billion dollars. By 2017, Whole Foods already had over $16 billion in revenues. It is now integrated within Amazon’s operations, thus enabling it to compete in the fresh food space, combined with Amazon Fresh (a grocery delivery service operating primarily in the US).

Whole Foods Market is a multinational supermarket chain with a particular focus on organic food choices that are free from artificial flavors, colors, and preservatives.

The chain has more than 500 stores across the United States, Canada, and the United Kingdom.

Amazon purchased Whole Foods Market in 2017 for more than $13 billion.

At the time, the chain was struggling to compete against grocery chains such as Kroger and Safeway that were undercutting its organic food prices.

Read: Amazon Business Model.

Twitch Interactive

Twitch is a video live streaming platform for esports and video game broadcasts, real-life streams, and other creative content.

Twitch emerged from the popular video game category of in 2011 with a newly formed parent company known as Twitch Interactive.

Three years later, Amazon purchased the company in a deal worth $970 million.

This gave Amazon a significant presence in video games and immersive technology – both lucrative industries that are redefining the ways consumers interact online.

Twitch started in 2007 as, broadcasting the life of Justin Kan, one of its co-founders, used to prove the concept of enabling anyone to broadcast their lives on the web. Once pivoted, Twitch quickly grew, and by 2014 it was acquired by Amazon for almost a billion dollars. Titch now makes money via subscriptions, bits, advertising, and merchandising.

Read: Amazon Business Model.


Souq is an eCommerce company that was founded in 2005 by Ronaldo Mouchawar.

Souq operates the largest such platform in the Middle Eastern market, selling millions of products in consumer electronics, healthcare, fashion, and homewares.

Souq became an Amazon subsidiary in March 2017 in a deal worth $580 million in cash.

The acquisition allowed Amazon to further its intentions to become a global leader in eCommerce.

It also allowed the company to establish itself in a new and rapidly growing market, with only 2% of consumers in the Middle East purchasing online at that point.


Zoox is an Amazon subsidiary that produces autonomous vehicles in the form of robot-taxis for mobility-as-a-service (Maas).

The company was originally founded by Australian designer Tim Kentley-Klay and Jesse Levison – son of Apple chairman Arthur – who was creating self-driving technology whilst studying at Stanford University.

Zoox is a relatively recent addition to the Amazon family, having only been purchased in June 2020 for around $1.2 billion.

The acquisition was seen as a way for Amazon to compete with Waymo, an autonomous vehicle project run by Google.


Audible is an online podcast and audiobook service that was founded in 1997 by Don Katz.

The company released a portable media player of the same name where users could download and store audiobooks from the official website.

In 2003, Audible became the sole provider of audiobooks for the Apple iTunes store.

Audible was ultimately acquired by Amazon in 2008 for $300 million, allowing the company to add more than 80,000 audiobooks, newspapers, and magazines to its vast online library.

Key takeaways:

  • Amazon has many known subsidiaries thanks to a culture of mergers and acquisitions that started in the late 1990s. Perhaps its most high-profile acquisition was Whole Food Markets in 2017 for $13 billion.
  • Amazon also owns video live streaming service Twitch and eCommerce company Souq, the largest such platform in the Middle East.
  • Other Amazon subsidiaries include audiobook platform Audible and autonomous vehicle company Zoox.

Which companies are owned by Amazon?

Amazon owns hundreds of private labels, among which some are branded under the Amazon Basic umbrella. In addition, Amazon acquired, Audible, CamiXology,, IMDb, PillPack, Shopbop,, Twitch, Whole Foods Market, Woot!, and Zappos.

Who owns most of Amazon?

Jeff Bezos is the primary owner of Amazon. With 64,588,418 shares, Jeff Bezos is the primary individual investor. Bezos owns 12.7% of the company.

Does Jeff Bezos own all of Amazon?

As of 2021, Bezos owned 12.7% of Amazon. It’s critical to understand that over the years, Amazon took various venture capital investments, and as a listed company, part of the ownership is public. Thus, Bezos retained a significant stake in Amazon, valued at over $100 billion.

Connected to Amazon Business Model

Amazon Business Model

Amazon has a diversified business model. In 2021 Amazon posted over $469 billion in revenues and over $33 billion in net profits. Online stores contributed to over 47% of Amazon revenues, Third-party Seller Services,  Amazon AWS, Subscription Services, Advertising revenues, and Physical Stores.

Amazon Mission Statement

amazon-vision-statement-mission-statement (1)
Amazon’s mission statement is to “serve consumers through online and physical stores and focus on selection, price, and convenience.” Amazon’s vision statement is “to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices.” 

Customer Obsession

In the Amazon Shareholders’ Letter for 2018, Jeff Bezos analyzed the Amazon business model, and it also focused on a few key lessons that Amazon as a company has learned over the years. These lessons are fundamental for any entrepreneur, of small or large organization to understand the pitfalls to avoid to run a successful company!

Amazon Revenues

Amazon has a business model with many moving parts. With the e-commerce platform which generated over $222 billion in 2021, followed by third-party stores services which generated over $103 billion, Amazon AWS, which generated over $62 billion, Amazon advertising which generated over $31 billion and Amazon Prime which also generated over $31 billion, and physical stores which generated over $17 billion.

Amazon Cash Conversion


Working Backwards

The Amazon Working Backwards Method is a product development methodology that advocates building a product based on customer needs. The Amazon Working Backwards Method gained traction after notable Amazon employee Ian McAllister shared the company’s product development approach on Quora. McAllister noted that the method seeks “to work backwards from the customer, rather than starting with an idea for a product and trying to bolt customers onto it.”

Amazon Flywheel

The Amazon Flywheel or Amazon Virtuous Cycle is a strategy that leverages on customer experience to drive traffic to the platform and third-party sellers. That improves the selections of goods, and Amazon further improves its cost structure so it can decrease prices which spins the flywheel.

Jeff Bezos Day One

In the letter to shareholders in 2016, Jeff Bezos addressed a topic he had been thinking quite profoundly in the last decades as he led Amazon: Day 1. As Jeff Bezos put it “Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.”

Read Also: Amazon Competitors, Amazon Business Model.

More about Amazon:

Read More:

Scroll to Top