Amazon.com founder Jeff Bezos recently announced that he and his fiancée, Lauren Sanchez, would be moving to Miami, sparking controversy as he left the Seattle area synonymous with the company’s success.
Amazon staff are reportedly looking for a large office space location in Miami.
Space launch with parents
“While this move is exciting, it is an emotional decision for me,” Bezos wrote in an Instagram post in November.
Bezos said the move included a desire to move closer to his parents, Sanchez’s love for South Florida and a desire to be closer to Blue Origin, Sanchez’s space exploration company he started from Cape Canaveral. I gave some reasons.Amazon and Microsoft Corporation‘s growth has contributed to both Seattle’s status as a technology hub and its ability to attract the region’s top technology talent.
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Once the move is complete, Bezos will leave behind a Seattle real estate empire worth an estimated $190 million. In 2019, after his highly publicized divorce from novelist Mackenzie Scott, Bezos embarked on a $45 million home buying spree, acquiring four properties in the upscale Hunts Point neighborhood. Business Insider discovered these properties by cross-referencing Bezos’ property tax records, which include addresses related to his businesses and known properties.
In 2019, Bezos bought three relatively modest homes priced between $1.8 million and $3.3 million within a mile of his waterfront property. One of his properties, a four-bedroom home, is on the market for $4.4 million.
One of the crown jewels of his portfolio is a waterfront property in Hunts Point that he purchased through a trust in 2019 for $37.5 million. The mansion boasts 300 feet of shoreline, a rooftop deck with a fireplace, and a glass bridge to a two-story guesthouse that serves as Bezos’ residence when he’s in town.
In addition to his personal portfolio, Bezos also has investments in real estate company Arrived. Arrived provides a fractional real estate investment platform to approximately 500,000 individual investors. Through this platform, investors can acquire equity in single-family rental properties with a minimum investment of $100. The company recently launched the Arrived Single Family Residential Fund, which streamlines capital allocation by allowing users to invest large amounts at their convenience without waiting for individual properties to go on sale.
Spend extravagantly for $1.5 million per hour
Even though Bezos leaves Seattle, his influence in the real estate world remains undiminished. He remains a formidable landowner, owning various properties across the United States in addition to his Seattle holdings. His portfolio includes a ranch in Texas, an apartment in Manhattan, the largest home in Washington, D.C., real estate in Los Angeles, and his $78 million home in Hawaii.
These expenses are unlikely to significantly reduce Bezos’ net worth, as he made about $1.5 million an hour and was worth $169.2 billion as of Dec. 7, according to Forbes’ Real-Time Rich List.
In Miami, Mr. Bezos continues his trend of acquiring nearby properties, investing in two adjacent properties on Indian Creek, a man-made island off the coast. Known as the Billionaire Bunker, this guarded island is home to billionaires such as former NFL quarterbacks Tom Brady, Jared Kushner, Ivanka Trump and billionaire hedge fund manager Ken Griffin. The rich people live there.
Bezos’ lavish lifestyle is facing unexpected challenges in Miami, where his $500 million yacht Col is reportedly struggling to find suitable berthing space due to its sheer size. . The yacht’s presence inside an oil tanker in a Florida port adds an interesting twist to Bezos’ continued pursuit of luxury.
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This article originally appeared on Bezos Leaving Behind A Massive Seattle Real Estate Portfolio As He and Lauren Sanchez Plan Move Miami on Benzinga.com
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