Jeff Bezos and his success story with Amazon is like few others. However, what you may not know is the crucial role Bezos’ siblings Mark and Christina have played in the company.
And in the mid-’90s, the brothers bet on Jeff Bezos’ vision and invested $10,000 in a then-new online bookstore, a fairly risky bet, but one that would have catapulted them into the ranks of billionaires.
That’s what a Bloomberg report cited by Yahoo Finance revealed, which states that in 1996, each brother bought 30,000 shares of Amazon.com Inc. for $10,000.
A million dollar decision
Now, that modest investment has seen a staggering 10,249,900% growth, which could mean the Bezos brothers’ stake in Amazon is worth more than $1 billion.
An article in Luxury Launches, which references a July 31, 2018 Bloomberg report, suggests that Jeff Bezos’ brothers’ shares were worth $640 million each, according to Amazon’s closing stock price at the time. $91.
If we move forward to the present, we see that Amazon’s share price is $149, so its holdings are now valued at $1,044 million.
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