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This article is a direct result of the research process for our US Single Family Office database. This list includes the main family investment vehicles of some of America’s wealthiest people, investing in areas as diverse as financial markets, real estate, venture capital, private equity and renewable energy.
Where does the fortune of Jeff Bezos come from?
After studying electrical engineering and informatics at Princeton University, Jeff Bezos worked for different companies like FITEL and Bankers Trust. In 1994, Bezos launched Amazon with the goal to establish an online book store. Today, Amazon is one of the world’s largest retail and internet companies, with annual sales of $514 billion and nearly 1.5 Million employees in 2024. According to Forbes, Bezos’ net worth is estimated to be $194 billion in 2024. This makes him the third richest man in the world.
How did Bezos’ company Amazon develop?
In 1994, Bezos’ launched Amazon as an online bookstore. From weekly sales of $20,000 in its second week, Amazon grew to $150 million in annual sales in 1996 – to $233 billion in sales today. From an online bookstore, Amazon grew into other businesses. Today, almost everything is available on Amazon.com – from books to laptops, clothing to food. In 2014, Bezos’ company launched its video-on-demand service Amazon Instant Video (now Prime Video). In 2017, Amazon acquired the Whole Foods organic supermarket chain. Through Amazon Web Services (AWS), Amazon is a major player in the growing cloud business.
Is there a Jeff Bezos single family office?
Yes, there is a single family office for Jeff Bezos: Bezos manages his investments and ventures through a company called Bezos Expeditions. Bezos Expeditions is involved in both investments and philanthropy through the Bezos Family Foundation and the Day One Fund. Notable holdings of the Bezos family office include the Washington Post and the Blue Origin space company.
How does the Bezos family office invest?
In addition to its philanthropic work, Bezos Expeditions is also an active investor, mainly in start-ups. Some of Bezos Expeditions’ interesting and successful investments include Airbnb, Stack Overflow, Uber, Twitter and Juno Therapeutics. One of Bezos Expeditions’ most recent investments was $22 million in seed funding for Swiss startup Swiss Mile, which is developing KI-powered robotic dogs.
This article is part of our detailed report “The single family offices of the richest US families“.
Picture source: Bryan Angelo
Last Updated on October 31, 2024
