'Drug Smuggler' Biotech Raises Billions From Wall Street

It took just over a year - 390 days - for his company to hit a $1 billion valuation. That's faster than any company in history, including Facebook. All because of a 'drug smuggler'.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $9,000 Today

Benzinga Insights
September 30, 2022

Amazon.com (NASDAQ:AMZN) has outperformed the market over the past 10 years by 14.89% on an annualized basis producing an average annual return of 24.4%. Currently, Amazon.com has a market capitalization of $1.18 trillion.

Buying $1000 In AMZN: If an investor had bought $1000 of AMZN stock 10 years ago, it would be worth $9,030.56 today based on a price of $115.56 for AMZN at the time of writing.

Amazon.com's Performance Over Last 10 Years

comp_fig

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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