Summary: Amazon founder Jeff Bezos caused a stir when he recently announced that he and his fiancée Lauren Sanchez would be moving to Miami. The decision marks a major shift as Bezos leaves behind a vast real estate portfolio in Seattle that is closely tied to Amazon’s success. Bezos has expressed an attachment to Seattle, but reasons for the move include a desire to be closer to his parents, Sanchez’s love for South Florida, and proximity to his space exploration company Blue Origin. ing. As Bezos prepares to relocate, his Seattle real estate empire estimated to be worth $190 million has been left behind.
Bezos’ real estate holdings in Seattle include properties acquired in a $45 million home buying spree in 2019 following Bezos’ highly publicized divorce. These properties are located in the upscale Hants Point neighborhood and range from modest homes to waterfront mansions boasting 300 feet of shoreline. In addition, Bezos has invested in Arrived, a real estate company that provides a fractional real estate investment platform.
Bezos’ departure from Seattle may seem like a big change, but it doesn’t diminish his influence in the real estate industry. He remains a formidable landowner across the country, owning real estate including a ranch in Texas, an apartment in Manhattan, the largest home in Washington, D.C., an estate in Los Angeles, and a $78 million home in Hawaii. With his estimated net worth of $169.2 billion, Bezos’ lavish spending is unlikely to make a big dent.
In Miami, Bezos continues his trend of acquiring nearby properties. He recently invested in his two adjoining properties in Indian His Creek, a wealthy enclave known as the “Billionaire Bunker.” But Bezos’ lavish lifestyle has hit an unexpected hurdle, with his $500 million yacht Col reportedly struggling to find a suitable berth in Miami due to its sheer size. It is being
Bezos and Sanchez plan to move to Miami, leaving behind a vast real estate empire in Seattle. It remains to be seen how the move to a new city will affect their personal and professional lives.