What does Jeff Bezos spend his bulky fortune of US$169.200 M on | Biz Point

it was in 2018, but for more than a year he is not the richest businessman in the world, but the third. He now has first place Elon Muskwith $266.5 billion; followed by Frenchman Bernard Arnault and family, with $169.2 billionaccording to the latest real-time ranking of Forbes.

Bezos, 58, has not only become one of the most innovative and recognized figures in the world of technology. He’s also made a name for himself in popular culture: he appeared on The Simpsons, he has a song named after him on the Simpsons special. Netflix of the comedian Bo Burnham and was the subject of parodies in SNL Y Jimmy Kimmel Live.

In recent years, the also owner of Washington Postwent through a notorious high-profile divorce, traveled on a spaceship, watched his company’s stock price skyrocket during the pandemic, and ended up stepping down as CEO of amazon.

Currently, he is focused on his space exploration company Blue Originhas been busy trying to get his $500 million mega-yacht under construction over a historic Dutch bridge and enjoys traveling the world with his new girlfriend, anchorwoman Lauren Sanchez.

Beside Bill Gates Y Michael BloombergBezos is also very interested in the areas now discovered – due to climate change – under the ice of Greenland, where it is believed there are minerals and metals such as lithium, nickel and cobalt, essential for the electric car industry.

And, of course, there’s what Forbes reports as a fortune from $166.8 billion that you have accumulated over the years. The good question is how you spend it, from real estate, investments, travel or personal projects.

Investments and Bezos Expeditions

Bezos remains the largest shareholder of amazon and owns the eleven% of the e-commerce giant. According to his ex-wife MacKenzie Bezos’ statement about the divorce, the businessman retained 75% of the couple’s Amazon shares and the voting power of MacKenzie’s shares.

Both personally and through his venture capital firm Bezos Expeditions, he has also ventured into investing. In 1998 he personally invested in Google, and his initial $1 million bet would likely have made him a billionaire, even without his vast Amazon wealth.

Bezos Expeditions has invested in several startups, including blood-testing biotech company Grail and popular software developer website Stack Overflow.

Washington Post

In 2013, he shelled out $250 million for The Washington Post. Since the Bezos acquisition, the Post has greatly expanded its digital offerings and readership has skyrocketed, Business Insider reported.

His wealth is so enormous that, according to calculations made in 2018 by the finance magazine, when he had a fortune of only $130 billion, he could afford to spend $88,000 when the average American spent $1.

Real estate and private jet

Bezos and his family own at least five houses in the United States. One property, with two houses on just over five acres, is located in Medina, Washington, not far from Amazon’s headquarters in Seattle. He bought that property in 2007 for $24.25M. Then a smaller one right next door a decade later.

He also owns a ranch in Van Horn, Texas, which serves as a base for his Blue Origin space exploration company, as well as several condominiums in the historic Century Building at 25 Central Park West in Manhattan.

As of June 2019, he reportedly spent around $80 million on three other adjacent apartments in a different building at 212 Fifth Avenue in Manhattan. The extension consists of a three-story penthouse and the two units directly below it. Bezos also bought a row house in Washington, DC, in 2016.

Additionally, Bezos spent $165 million on a Beverly Hills mansion, dubbed the Warner Estate. The Wall Street Journal reported the sale in February 2020.

Though he’s pretty frugal in his car choices, he does own a $65 million Gulfstream G650ER private jet.

Support for somewhat “unusual” ventures

For example, to the Long Now Foundation, which seeks to build a giant mechanical clock “10,000 years old” and underground, in West Texas. The watch is intended to be a “symbol of long-term thinking,” Bezos tweeted.

His lifelong fascination with NASA, the same one that led him to found Blue Origin, led him to finance an expedition in 2013 to recover one of the engines of the Apollo 12 mission at the bottom of the Atlantic Ocean.

The space exploration company has had several successful test flights of its reusable New Shepard rocket, and is currently developing the larger and mostly reusable New Glenn rocket system intended to compete with Elon Musk’s SpaceX.

climate change and pandemic

Bezos has also pledged a lot of money to fight climate change. “I am committing $10 billion to get started and will be awarding grants this summer,” he wrote via Instagram in February 2020. “The Earth is the one thing we all have in common – let’s protect it together.”

Even as the coronavirus pandemic hit the US economy in March 2020, in August, Bezos reached a wealth milestone that no one else had ever reached.

The share price of amazon increased, as people increasingly turned to delivery services for daily necessities. That made Bezos the first person in human history with a net worth of more than $200 billion, according to Forbes.

However, he did not plan to keep everything. In April 2020, she pledged to donate $100M to food banks facing shortages due to the economic crisis caused by the pandemic.

“My own time right now is completely focused on Covid-19 and how Amazon can best play its role,” Bezos wrote in March 2020. “Amazon will continue to do its part and we will not stop looking for new opportunities to help.”