Comment on Jeff Bezos says he liquidates a whopping $1 billion of Amazon stock every year to pay for his rocket company Blue Origin

feedback@businessinsider.com (Prachi Bhardwaj), Business Insider
Wed, 04/25/2018 - 3:10pm

Jeff Bezos says he liquidates a whopping $1 billion of Amazon stock every year to pay for his rocket company Blue Origin

HO/Mike Brown/Space Florida Amazon CEO Jeff Bezos uses $1 billion of his "Amazon winnings" to fund his space company Blue Origin, he recently said in an interview. The entrepreneur has a net worth of $127 billion and a number of personal projects to spend it on, but he says none are as important an investment as Blue Origin and the goal to put civilizations in space. Amazon CEO Jeff Bezos spends a tiny fraction of his net worth to fund Blue Origin, the space company he started back in 2000. For a man worth $127 billion dollars, that tiny fraction amounts to $1 billion a year, which he gets by liquidating Amazon stock, Bezos said at an Axel Springer awards event in Berlin, Germany, hosted by Business Insider US Editor in Chief Alyson Shontell.See the rest of the story at Business InsiderNOW WATCH: Why Apple makes it so hard to get a new iPhone batterySee Also:The world’s richest man Jeff Bezos reveals how he thinks about spending his infinite amounts of cashAmazon's got a 'top secret' plan to put robots in your home by 2019, according to a new reportAmazon CEO Jeff Bezos explains his famous one-character emails, known to strike fear in managers' hearts

 

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