How Jeff Bezos Makes And Spends His Billions
Hello steemers ,Is there anybody who wants to know how How Jeff Bezos Makes And Spends His Billions well you are welcome to know .Jeff Bezos is the richest person in
modern history his estimated net worth
is 156 billion dollars making him the
first person to accumulate a fortune
over 100 billion dollars. Bezos wealth is
so massive that according to calculations spending eighty
eight thousand dollars to him is similar
to an average American spending one
dollar and he intends to spend his
entire fortune for the good of humanity
but it might not be in the way that.
you'd think Amazon is the primary source
of Bezos considerable wealth he founded
the company in 1994 and today he's the
CEO and largest stockholder with a 16
percent stake in the company as the
Amazon stock price increases so does its
leaders wealth since its IPO in 1997
Amazon split adjusted stock price has
increased ninety seven thousand percent.
Amazon has turned into a brand that
touches almost every aspect of life and
has grown through lucrative acquisitions
and investments in 2009 Amazon purchased
the online shoe retailer Zappos for 1.2
billion dollars in 2017 the company
bought Whole Foods for 13.7 billion
giving Amazon a hold on 18% of the US
online grocery market and in February of
2018 the company unveiled Amazon Web.
Services it's seventeen point five
billion dollar cloud computing business
not surprisingly the richest man in the
country is also one of the largest
landowners in the country
he owns a 5.3 acre home in Medina.
Washington that's valued at 25 million
dollars his estate neighbors the second
richest living person.
Bill Gates Bezos also owns a twenty
three million dollar townhouse in
Washington DC neighboring the Obamas and
if trump on top of that he has a twenty
five million dollar mansion in Beverly
Hills and three apartments in New York
City the total of value of seventeen
million dollars and finally his largest
real estate purchase is a thirty
thousand acre ranch in Van Horne Texas
that serves as a base for his space.
Exploration company Blue Origin but
we'll get back to that to get around to
all his homes and investments Bezos owns
a sixty-five million dollar Gulfstream
jet unlike his billionaire peers Bezos
doesn't engage in public philanthropy
very often but he has made large
donations to Mary's place an
organization that supports Seattle's
homeless population as well as the dream
us which supports people protected by
the DREAM Act he does however publicly
invest in and fund projects in 2013
Bezos funded and led an expedition to
recover one of the rocket engines from
the Apollo 12 mission from the floor of
the Atlantic Ocean on his request
NASA donated it to Seattle's Museum of
Flight in early 2018 Bezos provided 42
million dollars in funding for the
10,000 year clock through the long now
foundation the clock is meant to be a
symbol of long-term thinking he's made a
number of investments in acquisition
through his venture capital firm Bezos
expeditions and he's personally invested
in Google uber Airbnb and more including
his 2013 purchase of the Washington Post
for 250 million dollars but his most
ambitious venture has been Blue Origin
its rocket new Shepard has had several
successful test flights and it's
currently developing a larger rocket
called new Glenn he liquidates one
billion dollars of Amazon stock per year
to fund the project and its goals of
supporting large-scale human space
flight and colonizing the solar system
and he plans to use all his wealth to
fund space exploration Bezos believe
it's his most important work he how
Blue Origin will increase human
production and efficiency will help
avoid civilization stasis.
Bezos opinion: I'm very lucky
because I feel like I have a
mission-driven purpose with Blue Origin
that is I think incredibly important for
civilization long term.