Investing Magazine

Magazine:
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • History
  • Movies & TV
  • Tech & Innovation
  • Automotive

Here’s How Jeff Bezos Spends His Money

Updated: Mar 13, 2024By Kate PrinceBusiness
This article originally appeared on Investing.com. It has been republished here with permission.
Jeff Bezos and Lauren Sanchez © Axelle/Bauer-Griffin /Getty Images Jeff Bezos and Lauren Sanchez © Axelle/Bauer-Griffin /Getty Images

Amazon’s Jeff Bezos is the richest man in the world. Even if you don’t own any Amazon products, you likely know who he is, either because of his incredible career or his space flight in July of 2021. With a net worth of $153 billion, he will never have to think about money again in his life, and neither will his kids. 

That being said, what does a man this filthy rich actually spend his money on? Does the Amazon founder drop it all on lavish vacations and holiday homes, or do his purchases extend way beyond the usual choices of the world’s elite? 

1. Cruising the Aegean Sea

Year Purchased: 2021
Estimated Value: $70 million* (Price of Eos yacht) 

Before Jeff Bezos went to space in 2021, he went on a cruise. He was spotted visiting the Greek Islands aboard a super-luxurious yacht. He went on a cruise of the beautiful Aegean Sea, and he was spotted having dinner at Omega3, a cosmopolitan restaurant in Platis Gialos, located on Sifnos, a Cycladic Island.

Cruising the Aegean Sea @robbreport / Pinterest.com Cruising the Aegean Sea @robbreport / Pinterest.com

Bezos wasn’t alone for this cruise. He went sailing with his fellow billionaire businessman, Barry Diller. Diller’s wife is famed fashion designer Diane von Furstenberg. Also along for the trip was Anderson Cooper, a journalist and anchor at CNN. The trio sailed on Eos, one of the world’s largest sailing yachts. Eos is owned by Diller. 

2. Dog sledding above the Arctic Circle in Norway

Year Purchased: 2018
Estimated Value: $150-$250* 

The Arctic Circle runs straight through the middle of Norway, and it is one of the country’s biggest tourist attractions. Not everyone can afford to travel there, but Jeff Bezos certainly can. The billionaire not only took a vacation there; he also dog-sledded, posting a lot of pictures from his vacation.

Dog sledding above the Arctic Circle in Norway @JeffBezos / Twitter.co Dog sledding above the Arctic Circle in Norway @JeffBezos / Twitter.co

Bezos talked about going dog sledding above the Norwegian Arctic Circle, saying on Twitter that it inspired him to “go to space to save the Earth.” He said that he believes Earth is the solar system’s “best planet,” and we have “no plan B” to save it. 

3. A “robot dog”

Year Purchased: 2018
Estimated Value: $75,000* 

Robots of any kind are impressive and worthy of a few thousand dollars, but what about a robot dog? They aren’t quite as easy to cuddle up with at night, but that didn’t stop Boston Dynamics from creating the SpotMini. Jeff was pictured with the new dog in 2018. 

A “robot dog” @JeffBezos / Twitter.com A “robot dog” @JeffBezos / Twitter.com

It’s thought that Spot costs around $75,000, but what do you get for that price? Apparently, a 55-pound pooch can race around the garden for 90 minutes before needing to be charged up again. Doesn’t sound quite as fun as Fido, does he? 

4. Wimbledon Tickets

Year Purchased: 2019
Estimated Value: $1,300 per day* 

Jeff Bezos made his public debut with his new girlfriend, Lauren Sanchez, in 2019. He and Sanchez attended the men’s Wimbledon final, which saw a thrilling match between Roger Federer and Novak Djokovic. He and his girlfriend sat right behind the Royal Family during their five-hour viewing of the match.

Wimbledon Tickets ©Visionhaus / Gettyimages.com Wimbledon Tickets ©Visionhaus / Gettyimages.com

Wimbledon tickets aren’t cheap, especially if you’re sitting in the front row. Celebrities, from actors to musicians to CEOs, have been seen at the famed tennis match, smiling for the camera. Tickets can cost up to $1,300 a day for the best seats in the house, like the ones Bezos and Sanchez had. 

5. 11-Minute Flight to Space

Year Purchased: 2021
Estimated Value: $4.4 billion* 

Jeff Bezos described his adventure in his Blue Origin New Shepard capsule, which is autonomous and doesn’t require a pilot, as “the best day ever.” The eleven-minute spaceflight included the billionaire and three crew members, one of which was the oldest person to travel to space and the other the youngest.

11-Minute Flight to Space ©Joe Raedle / Gettyimages.com 11-Minute Flight to Space ©Joe Raedle / Gettyimages.com

The spaceflight cost $4.4 billion. Bezos’ entire flight was eleven minutes, but he only spent three of them actually in space. The flight wasn’t overly risky, as the New Shepard capsule had never had an accident in fifteen spaceflight tests. Blue Origin was founded in 2000, and, twenty-one years later, Bezos saw the fruits of his company’s labor. 

6. Wind Farm in Ireland

Year Purchased: 2021-2022
Estimated Value: $23 million* 

Jeff Bezos recently stepped down from his position as the head of Amazon to focus on his more pressing interests: space travel and eco-friendly energy generation. He’s attempting to achieve the latter through three wind farms which are located in the remote Irish town of Esk, near Balligree.

Wind Farm in Ireland @JeffBezos / Twitter.com Wind Farm in Ireland @JeffBezos / Twitter.com

The 23-megawatt farms are the first to be built using all-private funding. Bezos commissioned the windfarms in the hopes of using power to offset carbon emissions that Amazon data centers, also located in Ireland, emit. The first of the three wind farms opened in 2021. The other two are expected to become operational by 2022.

7. Four City Blocks in Seattle

Year Purchased: 2012
Estimated Value: Part of the $4 billion Amazon campus*

In order to make the huge Amazon campus that he dreamed of, Jeff had to buy the land first. Incredibly, the Amazon campus in Seattle runs across four whole blocks. That’s an incredibly large area of land that would have cost a fortune to purchase. 

Four City Blocks in Seattle ©Sean Pavone / Shutterstock.com Four City Blocks in Seattle ©Sean Pavone / Shutterstock.com

It’s not clear just how much Bezos spent on it, but it would have been an eye-watering amount of money. Still, every tech giant needs its state-of-the-art HQ and Amazon wasn’t about to fall behind when everyone else was racing forward. 

8. Google

Year Purchased: 1998
Estimated Value: $1.885 trillion* 

Google currently has a market cap of nearly $2 trillion, making it one of few companies to achieve this feat. In 1998, things looked a lot differently for Google. The tech company’s headquarters, run by Larry Page and Sergey Brin, were in a garage in Menlo Park, California.

Google ©Jay Fog / Shutterstock.com Google ©Jay Fog / Shutterstock.com

Jeff Bezos saw something in the tiny company, and he invested $250,000 into the venture. The investment in the startup is now up 20,000% today, and Bezos has cashed in on his now 3.3 million shares of stock. These shares are worth over $3 billion today. Bezos’ Google investment is yet another example of how his belief in tiny startups has made him billions.  

9. Uber

Year Purchased: 2011
Estimated Value: $76.54 billion* 

Though Amazon, as a company, has invested in Uber competitors, Jeff Bezos has his bet on a different horse. The tech billionaire put $3 million into the ride-sharing company, and he watched that investment pay off handsomely. Now, that paltry-seeming $3 million is worth around $400 million.

Uber ©TY Lim / Shutterstock.com Uber ©TY Lim / Shutterstock.com

Bezos was one of the first investors in the app. Benchmark invested $30 million, and the company made $7.9 billion from its early investment. Bezos has an eye for good business opportunities, and he definitely placed the correct bet with this multi-million investment. Even Travis Kalanick, the ousted founder of Uber, made $9 billion from his 8.6% stake.  

10. Whole Foods Market

Year Purchased: 2017
Estimated Value: $13.7 billion*

There’s a lot of money to be made in online groceries – and Jeff knows it. He’s been trying to break into the online grocery games since 2007, but despite creating AmazonFresh, it never really became a big player. 

Whole Foods Market ©Kristi Blokhin / Shutterstock.com Whole Foods Market ©Kristi Blokhin / Shutterstock.com

Jeff didn’t give up his dream though, and purchased Whole Foods through Amazon for $13.7 billion in 2017. This certainly helped boost Amazon’s position, but it’s still a big work in progress. Buying a trusted brand, Whole Foods, was a smart move on Jeff’s part and could be the key to future success. 

11. Cowboy Hat and Boots

Year Purchased: 2021
Estimated Value: $350* 

Jeff Bezos has often found himself in the position of accidental fashion influencer. Though he’s not that stylish, people copy what he wears, possibly in the hopes of becoming rich like him. When he went to space in 2021, Bezos picked a cowboy hat and cowboy boots for his journey.

Cowboy Hat and Boots @jptormey/ Twitter.com Cowboy Hat and Boots @jptormey/ Twitter.com

As GQ joked, he looked like a “sci-fi supervillain.” Perhaps the Western garb was a symbol of the new frontier that Bezos is trying to breach: space. The billionaire hopes to relieve some of the climate and ecological tension on earth by relocating people to space. His famous cowboy hat is a Billabong X Wrangler Rancher Wool Hat, and his boots are from the JB Hill Boot Company. 

12. Financed the Recovery of Apollo booster-rocket engines from the Atlantic Ocean

Year Purchased: 2013
Estimated Value: Unknown

The Saturn V salvage expedition was the recovery of Saturn V rockets that launched during the 1960s and 1970s. Five F-1 engines powered the first stages of the missions to the moon and Earth orbit during the beginnings of the space race. These engines were shed by the boosters during the trip, and they dropped into the Atlantic, where they sank to the bottom of the sea.

Financed the Recovery of Apollo booster-rocket engines from the Atlantic Ocean ©collectspace.com Financed the Recovery of Apollo booster-rocket engines from the Atlantic Ocean ©collectspace.com

The engines were expected to remain at the seafloor where they had been discarded until Jeff Bezos stepped in. He financed the recovery of the Saturn V engines, and he found two of them. He intends to keep searching until the others are recovered. 

13. Central Park West Apartment

Year Purchased: 2019
Estimated Value: $80 million for three of them* 

Jeff Bezos owns four apartments in Manhattan, but his latest piece of real estate, located in a building where he owns $13 million in property, is one of his most impressive ventures. The billionaire owns four upscale apartments at 25 Central Park West, and he has plans to spend another $80 million on three NYC apartments.

Central Park West Apartment @kaftipiperia / PInterest.com Central Park West Apartment @kaftipiperia / PInterest.com

Bezos started apartment hunting in 2019 after his divorce, and, as he is prone to doing, he bought all of the adjacent apartments next to the one he actually wanted. His habit of buying nearby real estate comes from wanting privacy and silence, something most of us can relate to. 

14. Vacation in St. Barth’s

Year Purchased: 2019
Estimated Value: $600 million* (Rising Sun price)

The Caribbean is a popular hotspot for celebrities looking to vacation, and St. Barth’s is one of the most-visited locations by famous celebs. Jeff Bezos and Lauren Sanchez were spotted vacationing in St. Barth’s in 2019. They even took a trip on Rising Sun, a superyacht owned by David Geffen.

Vacation in St. Barth's @hollywoodlife / Pinterest.com Vacation in St. Barth's @hollywoodlife / Pinterest.com

The couple went with a group of other people, including Dasha Zhukova, a Russian businesswoman, and her friends. Since becoming an item a year before their St. Barth’s vacation, both Sanchez and Bezos finalized divorces from their exes. Their $600 million yacht vacation took place just a couple of days after Sanchez’s birthday.