Amazon founder Jeff Bezos is reportedly buying another multimillion-dollar home in "Billionaire Bunker" Indian Creek Island, a Miami-area private community.
The former Amazon CEO will pay $90 million off-market for a six-bedroom mansion on Indian Creek Island in South Florida, as Quartz reported. Brady, Ivanka Trump, Jared Kushner, Carl Icahn, and David Guetta live in the area.
What is The Reason Behind The Purchase?
The media report, citing an anonymous source, stated that Bezos will dwell in his new estate while demolishing the other island houses he acquired in the past.
Bezos, the world's second-richest person with $203 billion, acquired two Indian Creek Village houses last year. He paid $68 million for a seaside estate. Another is a 23,000-square-foot house he acquired for $79 million from a $85 million listing.
Jeff Bezos transfer of residence from Seattle to Miami was announced in November. The billionaire made the decision to be closer to his parents and Blue Origin. Notably, the tech mogul, who is engaged to news journalist Lauren Sánchez, is relocating back to his high school city with his Billionaire Bunker purchase.
In addition to Indian Creek Island, Bezos has houses in Washington, Beverly Hills, and Maui.
Jeff Bezos recently lost his position as the world's richest person as luxury business chief Bernard Arnault and his family, surpassed Bezos and Elon Musk.
As of Monday's Bloomberg Billionaires Index update, Arnault, the chairman of Louis Vuitton Moët Hennessy, which encompasses Sephora, Tiffany & Co., Christian Dior, and Stella McCartney, has $230 billion in net worth, according to New York Post.
Bezos has sold off almost $8.5 billion worth of Amazon shares since February, perhaps saving him close to $600 million. Moreover, Bezos transferred $240 million in Amazon shares last year, which is the first transaction since he resigned as Amazon CEO in May 2021, per CNBC.
(Photo : MICHAEL TRAN/AFP via Getty Images)
Amazon Founder and Executive Chair Jeff Bezos and Lauren Sanchez attend the Vanity Fair 95th Oscars Party at the The Wallis Annenberg Center for the Performing Arts in Beverly Hills, California on March 12, 2023.
Jeff Bezos Companies Performing Well
Amazon's performance has also boosted his fortune. The online retail giant stock price has risen over 20% since January 1, despite Shein and Temu's growing competition in e-commerce.
With Tesla's stock down 32% since January, Bezos surpassed Elon Musk in world's richest persons list.
Figure AI, Inc., Jeff Bezos, and other tech giants like Nvidia Corp. fund humanoid robots. The Sunnyvale, California-based robotics startup is seeking $675 million at $2 billion pre-money.
Bezos has committed $100 million through Explore Investments LLC to this fundraising project, while Microsoft is chipping in $95 million. Nvidia and an Amazon-affiliated fund are also contributing $50 million. Figure AI founder and CEO Brett Adcock committed $20 million in Parkway Venture Capital's $70 million inaugural external fundraising round last year.
Another Jeff Bezos-backed firm made the news, as previousl reported by TechTimes. KoBold Metals found a large copper resource in Zambia for renewable energy and electric vehicles. The Mingomba copper project might compete with Kamoa-Kakula, a top high-grade copper mine.
KoBold uses AI and "Google Maps" for Earth's crust to improve copper and cobalt prospecting. Global low-cost worries concerning battery metal prospects have not discouraged the California-based metals exploration business from investing roughly $100 million in exploration in 2023.
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