Amazon's co-founder Jeff Bezos has garnered attention with his reported $68 million purchase of a luxurious Florida mansion.
Amazon.com, Inc. AMZN co-founder, Jeff Bezos, has reportedly secured a lavish $68 million Florida residence.
What Happened: Bezos has made headlines again by acquiring a sprawling waterfront mansion on the exclusive Indian Creek Island, reported Bloomberg, citing a person with knowledge of the matter.
Situated within the larger Miami area, Indian Creek Island has earned its moniker as the “Billionaire Bunker” due to its reputation as a secluded haven for the world’s elite.
The island has hosted prominent figures ranging from business magnates like Carl Icahn to public figures like Jared Kushner and Ivanka Trump.
See Also: How Much Money Does Jeff Bezos Have?
A Historic Purchase: Details Of Bezos’ New Abode
The centerpiece of Bezos’ recent real estate endeavor is a sprawling 2.8-acre three-bedroom estate with a history dating back to 1965. Previously owned by MTM Star International, a company with links to Panama, the property exchanged hands for a staggering $68 million in June.
Notably, this marked transaction shattered the property’s previous record sale in 1982 when it changed hands for $1.4 million.
A Glimpse Into The Expanding Portfolio
Beyond this Florida acquisition, Bezos’ real estate portfolio boasts a diverse range of prime locations. These include a nine-acre mansion in Beverly Hills, a picturesque estate in Maui, and residences in Manhattan and Seattle, the report noted.
Moreover, his vast interests extend beyond residential spaces — he owns a sprawling 300,000-acre ranch in Texas that houses the launch site for Blue Origin’s New Shepard rocket.
Why It’s Important: Bezos’ stepped-down from the role of Amazon’s CEO in 2021 and his separation from his former wife, MacKenzie Scott, have coincided with an uptick in his extravagant spending.
Notably, this includes constructing one of the world’s most expensive superyachts, the Koru, with an estimated cost of around $500 million.
Moreover, just last week, it was reported that Amazon’s second-quarter earnings report drove Bezos’ fortune by $11 billion, solidifying his status as one of the world’s richest people.
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