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Fri Nov 3 2017 20:34:15

What Will Amazon CEO Jeff Bezos Do with $1 Billion?

By: Ina Steiner

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Amazon CEO Jeff Bezos just sold a ton of shares in his company valued at $1,097,803,366 - that's a billion, not million. Bloomberg said the sale represents 1.3 percent of his holding, leaving him with a 16.4% stake in the company he founded in 1994.

As the Verge points out, Bezos has periodically sold shares in the million-dollar range, so this is a big change in his approach. A million dollars isn't what it once was -  Bezos could become the world's first trillionaire in the next 25 years, according to this July article in CNBC.

What's Bezos up to with the billion-dollar stock sale? Could he be eyeing another newspaper (he bought the Washington Post for $250 million in 2013) or a company in some other, completely different industry?

He could make another surprise move by going into the business of giving. In June, the CEO asked his Twitter followers for ideas about philanthropic strategies, writing in part, "Blue Origin, Amazon, Washington Post - all of these are contributing to society and civilization in their own ways. But I'm thinking I want much of my philanthropic activity to be helping people in the here and now - short term - at the intersection of urgent need and lasting impact."

Bloomberg may have the answer: "The world’s richest man said in April he would sell $1 billion a year in Amazon stock to fund Blue Origin LLC, the rocket company fueling his dream of sending people into space."

For someone whose companies deal in artificial intelligence, robotics, and spaceships, operating around the world, it seems there's no limit to Bezos's imagination or reach.




Comments (10) | Permalink

Readers Comments

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

by: Snapped This user has validated their user name.

Sat Nov 4 18:51:58 2017

Do?

Anything he wants to.

Better question is, what might (the affected collective) you then do?

Same answer though. 😬

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

This user has validated their user name. by: Ming the Merciless

Sat Nov 4 22:40:13 2017

Being the critical cynic that I am regarding "managed" marketplaces, I suggest he will do absolutely nothing to help his third party sellers.

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

by: pace306 This user has validated their user name.

Sun Nov 5 09:25:01 2017

What ever it is - he WONT be buying eBay .....  

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

by: pace306 This user has validated their user name.

Sun Nov 5 11:06:09 2017

Maybe he will invest in a certain pot growers farm?

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

by: TomH This user has validated their user name.

Sun Nov 5 14:16:16 2017

Maybe he will invest in a certain pot growers farm?  lol, he probably already has several...

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

by: donald This user has validated their user name.

Mon Nov 6 00:18:49 2017




He could buy eBay to put it out of its misery...

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

This user has validated their user name. by: DeathFromAbove

Mon Nov 6 00:39:09 2017

I suggest he save it for his team of personal lawyers, for when the US government eventually puts him in prison for fraud.

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

by: Chicago48 This user has validated their user name.

Mon Nov 6 04:41:14 2017

My god he only owns 16% of the company; what am I missing here?  I thought he was at least 50% invested.
What's he doing with the $1billion?  He has that stupid rocket plan going, you know the one that goes to Mars and competes with SpaceX.
Normally Bezos shows intelligence and creativity, but trying to compete with Elon with the SpaceX is a dumb idea.

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

by: Chicago48 This user has validated their user name.

Mon Nov 6 04:42:12 2017

Bloomberg may have the answer: "The world’s richest man said in April he would sell $1 billion a year in Amazon stock to fund Blue Origin LLC, the rocket company fueling his dream of sending people into space."
^^
The answer.  It's going to bankrupt him.

What Will Amazon CEO Jeff Bezos Do with $1 Billion?   What Will Amazon CEO Jeff Bezos Do with $1 Billion?

This user has validated their user name. by: toolguy

Mon Nov 6 09:05:51 2017

Bitcoin or Green Rush

My bet is the Green Rush lasts longer!

Bitcoin is here today, the GREEN has been around for thousands of years. . .55 days until California goes recreational. . .



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