Jeff Bezos Makes $1.49 Million Per Hour — Here's What He Spends It On

Amazon.com Inc. Founder Jeff Bezos is probably the single-biggest winner of the world’s transition to online shopping. 

As Amazon’s stock went up in value, so did the Bezos’s personal fortune. According to the Bloomberg Billionaires Index, Bezos’s net worth is $157 billion, with Amazon equity being his largest asset. 

Data from Bloomberg also indicates that Bezos’s net worth was $26.2 billion 10 years ago. This means his wealth has increased by $130.8 billion over the last decade. That breaks down to $13.08 billion per year, $35.8 million per day and $1.49 million per hour.

While Bezos’s rate of wealth accumulation is undeniably impressive, it’s also intriguing to delve into how the billionaire allocates and spends this fortune.

Check out: This Bezos-backed company has removed the financial barriers to becoming a real estate investor. You can now become part-owner of a rental property with as little as $100.

Yacht

Bezos and his fiancée Lauren Sanchez were recently spotted touring the Mediterranean on his $500 million vessel Koru.

Koru is a 417-foot-long, triple-masted sailing yacht. It was created by renowned Dutch shipbuilder Oceanco and, according to Boat International, is the world’s largest sailing yacht.

With nine staterooms, Koru can accommodate up to 18 guests and 36 crew members. 

Superyachts often travel with support ships that provide additional crew accommodation and carry toys like smaller boats, helicopters, jet skis and submersibles.

Koru is no exception. It is accompanied by support vessel Abeona, a 246-foot motor yacht that features a helipad.

Real Estate

Like many billionaires, Bezos has built a considerable real estate portfolio. While he bought some of his properties mainly for enjoyment, others were carefully placed investments that thousands of regular investors followed. 

Even the majority of the 1% can’t comfortably afford the properties that Bezos lives or vacations in. 

Warner Estate comes to mind. The $165 million Beverly Hills estate sprawls across nine acres and features a 13,600-square-foot mansion.

And for a summer home, Bezos spent $78 million on a 14-acre estate in Maui, Hawaii.

According to Architectural Digest, the tech mogul has also purchased “several properties in his home state of Washington, a number of New York City apartments, a few sprawling estates in California, a ranch in Texas and a number of places in Washington, D.C.”

Apart from these extravagant properties, Bezos also bought shares of single-family rentals using Arrived, just like any American adult can with only $100. Arrived allows you to earn passive rent dividends without being in charge of a single property. New expertly vetted properties are constantly uploaded to the platform. Click here to check out the latest collection of rentals you can invest in today. 

Venture Capital

All of the top 10 wealthiest people in the world, including Bezos, got rich because they started companies and grew them into omnipresent behemoths worth billions. After they achieved that, many transitioned into startup investing. 

The reason is fairly self-evident: Investing even small amounts into startups that eventually explode in value has the potential to create massive wealth. For example, if you invested $1,000 in Google the day it was listed on the stock market, you’d be a millionaire today. That’s the kind of returns venture capital can bring. 

Bezos’s most prominent venture capital endeavor is Blue Origin, an aerospace manufacturer and spaceflight company. According to the company, its mission is to “enable millions of people living and working in space for the benefit of Earth.”

Another standout in Bezos’s portfolio is The Washington Post. In 2013, Bezos purchased the media giant for $250 million. Its market capitalization clocks in at $8.55 billion. 

If you’d like to give angel investing a go, you can invest in Fundrise’s latest venture capital product*. The fund’s portfolio boasts stakes in early- and mid-stage tech startups that are still not traded on stock exchanges. Click here to read more about the product.

Don’t Miss:

• Investing in real estate just got a whole lot simpler. With as little as $100, average investors are becoming landlords thanks to this Jeff Bezos-backed startup.
• Blackstone made a $13 billion bet on the growth in student housing. Here’s how you can carve out your own piece of the student housing market with just $500. 

 

*Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad.

 

Original story found here.