A Hidden Amazon Fortune: Bezos Parents May Be Worth Billions
August 1st, 2018Via: Bloomberg:
It may be the most successful venture investment of all time.
In 1995, Jackie and Mike Bezos plowed $245,573 into their son’s fledgling e-commerce website, according to a prospectus two years later. It was a big gamble, Mike Bezos, the stepfather of Amazon.com Inc. founder Jeff Bezos, recalled onstage during a 2015 event at the National Constitution Center in Philadelphia.
“I want you to know how risky this is,” the son told his parents, “because I want to come home at dinner for Thanksgiving and I don’t want you to be mad at me.”
He’s probably welcome to extra helpings of turkey — and all the gravy. One IPO and three stock splits later, his parents’ stake could be worth almost $30 billion today. That would make them wealthier than Microsoft Corp. co-founder Paul Allen, the 30th-richest person on the Bloomberg Billionaires Index.
