Jeff Bezos was an early investor in Airbnb, which means he's likely to net millions from the home-sharing company's hotly anticipated IPO
Jeff Bezosis about to get a payday thanks to Airbnb's initial public offering.
AmazonCEO was an early Airbnb investor, participating in Airbnb's Series B round in 2011.
- It's not clear how much Bezos invested in the company at the time or whether he still owns all of his shares.
Jeff Bezos may soon see a multimillion-dollar payday thanks to Airbnb's initial public offering.
Airbnb priced its IPO at $68 per share on Wednesday, seeking to raise $3.5 billion in its stock market debut. But by Thursday morning, the expected stock price had more than doubled, climbing to $152.30 per share. Airbnb's
The Amazon CEO invested in Airbnb's Series B in 2011 through his personal venture-capital firm,
While Bezos' payday will likely net him millions of dollars, it will hardly make a difference for the richest man, whose net worth tops $182 billion. The majority of Bezos' wealth stems from his shares in Amazon. Bezos owns about 11% of the e-commerce giant he founded in 1994, according to Bloomberg.Beyond his substantial Amazon stake, Bezos is a prolific investor, with early investments in Google, Uber, and Twitter. Bezos was also an early investor in Business Insider, though he has since sold his stake in the company. Got a tip? Contact Business Insider senior reporter Avery Hartmans via email (firstname.lastname@example.org), or Twitter DM (@averyhartmans). We can keep sources anonymous. Use a nonwork device to reach out.
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