Jeff Bezos’ Amazon stock made him become the first person to be worth $200 billion. But he didn’t stop there. The Amazon founder has purchased a crazy collection of luxury items—some of which could pay huge dividends.
Jeff Bezos’ Amazon stock made him the world’s richest man, and become the first person in history to be worth $200 billion.
If you thought he’d just sit back and relax, you’d be wrong.
The Amazon founder has entered one of the oldest and most exclusive clubs, creating headlines in the process.
Let’s take a look at some of his craziest luxury splurges, and what he could be planning to do next.
1. One of the fastest commercial jets in the world
Business Insider reports that Bezos purchased a Gulfstream G-650ER, which cost him $65 million.
Powered by two Rolls-Royce BR725 engines, the G650ER has enough range to fly from New York to Los Angeles and back.
But it’s not just about convenience, the G650ER holds over 110 world speed records and is the epitome of flying in luxury. Spacious interiors outfitted with handcrafted seats that convert into beds take the discomfort out of flying for you and up to 19 passengers.
And while we’re all not happy with rising airfare and smaller seats, buying your own private jet isn’t a very realistic option for most.
2. The largest-ever real estate deal in NYC
New York City is famous for shoebox apartments that cost as much as mansions elsewhere. So what did Bezos do?
He bought FOUR condos at a whopping $96 million in the Flatiron neighborhood and combined all of them into one palatial penthouse with a 5,000 square foot terrace.
In total, the 23,000 square foot three-story mansion is one of the most impressive properties in NYC.
Sure beats living in $3,500 studio.
3. Blue-chip art
Bezos burst onto the international art-collecting scene with the purchase of Ed Ruscha’s Hurting the Word Radio #2 (1964) for an eye-watering $52.5 million at Christie’s.
Bezos is clearly banking on the fact that blue-chip art has significantly outpaced the S&P 500 since 2000 according to industry benchmarking experts, Artprice. In fact, research from the world’s leading fractional art investing platform, Masterworks, shows that since 2008, investors who allocated 5% of their overall portfolio to contemporary art performed better 98% of the time, compared to investors who only allocated to stocks and bonds.
That’s just one reason Masterworks has been covered by CNBC, the Wall Street Journal and why over 700,000 people have joined the platform. With Masterworks, you no longer need to be in the 1% to add the same artists Bezos collects to your portfolio.
In fact, Masterworks offered a similar Ed Rucha to the one purchased by Bezos called Ripe for $22.2M to their investing community. Finally leveling the investing playing field by giving you the very same opportunityto potentially reap the rewards of adding art to your portfolio.
4. The largest sailing yacht in the world
There are normal multimillion-dollar megayachts, and there’s The Koru.
Mr. Bezos’ sailing yacht, a departure from diesel-powered yachts popular with other billionaires, is massive. In fact, at 417 feet, Koru was THE world’s largest sailing yacht at the time of construction.
The pricetag? An estimated $500 million to build, according to Bloomberg.
The masts are the same height as the Great Pyramid of Giza, and there’s no doubt that the interiors are oozing with luxury and oppulence.
We would have more to report if Jeff would be so kind to offer us an invitation to see it first hand.
5. His very own newspaper
One solution to combatting negative PR is to buy the entire newspaper.
That’s what Bezos did in 2013, purchasing The Washington Post for $250 million.
This ended decades of ownership by the Graham family, whose legendary coverage includes Watergate and the Pentagon Papers, and helped shape modern politics.
Although it’s doubtful you’ll find Mr. Bezos in the newsroom, his commitment to a truly global news organization is resolute.