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How Jeff Bezos Makes And Spends His Billions - YouTube
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- [Narrator] Jeff Bezos
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is the richest person in modern history.
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His estimated net worth is $156 billion,
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making him the first person
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to accumulate a fortune over $100 billion.
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Bezos wealth is so massive that according
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to Business Insider calculations
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spending $88,000 to him is similar
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to and average American
spending one dollar
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and he intends to spend his entire fortune
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for the good of humanity,
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but it might not be in
the way that you'd think.
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Amazon is the primary source
of Bezos considerable wealth.
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He founded the company in 1994,
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and today he's the CEO
and largest stockholder,
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with a 16% stake in the company.
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As the Amazon stock price increases
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so does its leaders wealth.
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Since it's IPO in 1997, Amazon's
split adjusted stock price
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has increased 97,000%.
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Amazon has turned into a brand
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that touches almost ever aspect of life
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and has grown through
lucrative acquisitions
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and investments.
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In 2009, Amazon purchased
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the online shoe retailer
Zappos for $1.2 billion.
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In 2017 the company bought
Whole Foods for $13.7 billion,
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giving Amazon a hold on 18%
of the U.S. online grocery
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market. And in February of
2018, the company unveiled
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Amazon Web Services.
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Its $17.5 billion cloud
computing business.
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Not surprisingly the
richest man in the country
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is also one of the largest
land owners in the country.
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He owns a 5.3 acre home
in Medina, Washington
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that's valued at $25 million.
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His estate neighbors the
second richest living person,
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Bill Gates.
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Bezos also owns a $23 million
townhouse in Washington, DC
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neighboring the Obama's, and Ivanka Trump.
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On top of that he has a $25
million mansion in Beverly Hills
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and three apartments in New York City,
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that total a value of $17 million.
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And finally, his largest
real estate purchase
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is a 30,000 acre ranch in Van Horn Texas
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that serves as a base for his
space exploration company,
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Blue Origin, but we'll get back to that.
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To get around to all his
homes and investments,
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Bezos owns a $65 million Gulfstream jet.
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Unlike his billionaire peers,
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Bezos doesn't engage in public
philanthropy very often,
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but he has made large
donations to Mary's Place,
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an organization that supports
Seattle's homeless population.
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As well as TheDream.US,
which supports people
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protected by the Dream Act.
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He does however, publicly
invest in and fund projects.
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In 2013 Bezos funded
and led and expedition
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to recover one of the rocket engines
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from the Apollo 12 mission,
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from the floor of the Atlantic Ocean.
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On his request, NASA donated it
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to Seattle's Museum of Flight.
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In early 2018 Bezos provided
$42 million in funding
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for the 10,000 year clock
through The Long Now Foundation.
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The clock is meant to be a
symbol of long term thinking.
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He's made a number of
investments and acquisitions
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through is Venture Capital
firm, Bezos Expeditions
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and he's personally invested
in Google, Uber, Airbnb,
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and more, including his 2013
purchase of The Washington Post
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for $250 million,
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but his most ambitious
venture has been Blue Origin.
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It's rocket New Sheppard
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has had several successful test flights,
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and it's currently developing
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a larger rocket called New Glenn.
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He liquidates $1 billion
of Amazon stock per year
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to fund the project, and its goals
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of supporting large-scale
human space flight
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and colonizing the solar system.
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And he plans to use all his wealth
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to fund space exploration.
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Bezos believes it's his
most important work.
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He hopes Blue Origin will increase
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human production and efficiency,
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and will help avoid civilization stasis.
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- I'm very lucky because I feel like
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I have a mission driven
purpose with Blue Origin
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that is I think incredibly important
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for civilizations long term.
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