![]() But compared to his rival Musk, Bezos, who stepped down as Amazon’s CEO to become executive chairman last July, may be more of a victim of circumstance with less control over his falling fortune. Shares of Amazon have sunk by 35% over that period, outpacing the tech heavy Nasdaq’s 27% drop over the same period. Which means he could be worth billions of dollars more than the $200 billion at which Forbes currently pegs his net worth.Bezos, worth an estimated $133.3 billion as of Friday, is $59.3 billion poorer than he was on December 31. It’s unclear how much money Bezos has put into Bezos Expeditions so far, but it’s likely he’s done well with his investments. He’s also put money into his family office, Bezos Expeditions, which has invested in more than 100 companies since 2006, according to PitchBook, including Twitter, Airbnb and Uber. Bezos was an early investor in Google, according to Bloomberg reporter Brad Stone’s book The Everything Store, though we don’t know if Bezos kept or sold his stake when the search giant went public in 2004. Additionally, some of his money has been invested in startups. Before 2018, Bezos gave a smattering of million dollar gifts, including $33 million to, a nonprofit funding college scholarships for Dreamers, and $15 million to create the Bezos Center for Neural Circuit Dynamics at Princeton University.Īltogether, Forbes can account for an estimated $14 billion in Bezos’s spending. The fund has so far doled out $791 million. ![]() Last year Bezos pledged $10 billion to launch the Bezos Earth Fund, which is giving grants to organizations fighting climate change. The Bezos Day One Fund, with a $2 billion commitment from Bezos, is creating a controversial network of non-profit preschools in low-income communities and awarding grants to groups helping homeless families. Since 2018, he’s pledged $12 billion to launch his own charities. While he’s gifted some Amazon shares to charity over the years, Bezos has only recently embraced big philanthropy. ProPublica reported that between 20 Bezos paid $973 million in federal taxes.īezos has long been criticized for skimping on charitable donations, and for eschewing the Giving Pledge, a commitment to give away the majority of one’s fortune. That’s in addition to his fancy Gulfstream private jet, which is reportedly worth $65 million.Īltogether, Forbes estimates that Bezos has paid $6 billion in federal capital gains taxes on his nearly $27 billion of Amazon share sales, assuming he didn’t use losses on other investments to offset those gains. He’s also spending upwards of $500 million on a 417-foot custom-built superyacht, according to Bloomberg, which will be the largest sailing yacht ever constructed in the Netherlands when it’s completed. Still, it’s unclear if he paid cash or has a mortgage on those properties. as well as a sprawling ranch in Texas, all of which are worth $504 million. Bezos also has homes in Washington state, New York and Washington D.C. (Property records list Perkins Cole, a law firm that frequently represents Amazon as the buyer). Earlier this year, Bezos bought the famed Warner estate in Beverly Hills for a record $165 million from mogul David Geffen, according to the Wall Street Journal. There are also luxuries only someone with billions at their disposal can afford. Bezos paid $250 million to purchase the Washington Post in 2013, which is still only a fraction of the $711 million worth of shares he sold that year. Venture firm Space Capital estimates that Bezos has poured $7.5 billion into Blue Origin since it was founded in 2000. In 2017, Bezos said he was selling about $1 billion of Amazon stock a year to invest in his commercial space company Blue Origin, which will take him and his brother, Mark, to space on its first crewed flight next month. So where has all that money gone, besides to his ex-wife and indirectly to the nonprofits she’s supported? We know where Bezos has spent some, but not all, of his billions. When the billionaire got divorced in 2019, he transferred 19.7 million Amazon shares-a quarter of his stake that was then worth $36 billion, to ex-wife Mackenzie Scott. In all, Bezos’s Amazon stake has dwindled from 42% in 1997 to 10% after his sales this year, though the single biggest hit to his ownership didn’t come from unloading shares.
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