The logo of Amazon is displayed on a screen at the Nasdaq MarketSite, Friday, July 27, 2018.
(AP Photo/Richard Drew)
Some parents buy extra boxes of Girl Scout cookies to support their kiddos. Jackie and Mike Bezos has just a little bit more than that for their son (stepson, in Mike’s case), and it has made them billionaires many times over.
Bloomberg takes a look at what it says “perhaps the most successful venture investment of time: The couple kicked in $245,573 in Jeff Bezos’ nascent Amazon.com in 1995.
What has happened since is all a bit speculative, that the last time the Bezoses’ the game was publicly known at the end of the 20th century.
But in the course of the subsequent 2001 to 2016 period, the couple donated nearly 600,000 shares to the education-minded Bezos Family Foundation. Only 4 percent of this total was contributed in 2016, but that of 25,000 shares with a value of $20 million, and the current transfers proposals to Bloomberg, the few “still control a healthy chunk of the world’s second most valuable company.” If that 600,000 and all of them have given it away then, thanks to the company’s IPO and trio of stock splits, they would reserve 16.6 million shares for a value of $29.6 billion in what would be a 12,000,000 percent.
Bloomberg has two fewer bullish scenarios that end with the Bezoses with a return of $12.2 billion, or, if they got rid of everything at the lowest possible price, $100 million.
Read the full article for more information about the calculations and see how much Jeff Bezos’ two brothers and sisters could be worth thanks to their $10,000 investment.
(Amazon’s annual average wage is too low.)
This article originally appeared on Newser: Bezos’ Parents Invested $245, Can Be Mindbogglingly Rich
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