Anyone who has invested in Amazon (and held through the numerous subsequent drawdowns) over the past three decades has made a lot of money. But according to Bloomberg, one particular group of investors may have generated one of the greatest returns of all time: Jeff Bezos’ parents.
“It was a big gamble”, Mike Bezos, the stepfather of Amazon.com founder Jeff Bezos, said onstage during a 2015 event at the National Constitution Center in Philadelphia.
His son, the world’s richest man, agreed “I want you to know how risky this is,” Jeff Bezos told his parents some 23 years ago “because I want to come home at dinner for Thanksgiving and I don’t want you to be mad at me.”
If the Bloomberg analysis is correct, Bezos’ parents have no reason to be mad; in fact quite the opposite because one IPO and three stock splits later, their original stake could be worth almost $30 billion today making them wealthier than Microsoft’s co-founder Paul Allen, the 30th-richest person on the Bloomberg Billionaires Index.