Airbnb's IPO will likely net millions for Amazon CEO Jeff Bezos - Business Insider

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Jeff Bezos was an early investor in Airbnb, which means he's likely to net millions from the home-sharing company's highly anticipated IPO

Airbnb's Brian Chesky says what it was like to watch his company's revenue plunge 80% in eight weeks and how he decided to go public anyway in exclusive interviewThe Amazon CEO — through his personal venture capital firm, Bezos Expeditions — invested in Airbnb in two different rounds, according to Pitchbook data: The startup's Series A and Series B in 2010 and 2011.

It's not clear how much Bezos invested in the company at the time and whether he still owns all of his shares. A spokesperson for Bezos Expeditions did not immediately respond to Business Insider's request for comment on its Airbnb investment. While Bezos' payday will likely net him millions of dollars, it will hardly make a dent for the world's richest man, whose net worth currently tops

 

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Gross. Another reason not to use Airbnb.

Give us your money, Geoff!

A more interesting article would be one documenting which of Bezos investments have gone to 0. Much to be learned from the mistakes.

😳😳

Millions? Don’t waste his time... His fortune is valued at 200,000 of those!

subomiadekoya1

How much does he need?!😥

Billionaires have doubled their wealth practically overnight while ordinary people lose jobs, health insurance and housing & wait in mile-long soup lines. Republicans AND Democrats dont say a f**king word. We need to overturn the Constitution that allows this.

the rich getting richer

Eat the rich

This guy shouldn't be allowed to get any richer.

So a rounding error then... “likely to net millions”.

This guy having the time of his life in 2020

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