Jeff Bezos may soon see a multimillion-dollar payday thanks to Airbnb’s initial public offering.
Airbnb priced its IPO at $68 per share on Wednesday, seeking to raise $3.5 billion in its stock market debut. But by Thursday morning, the expected stock price had more than doubled, climbing to $152.30 per share. Airbnb’s IPO is one of the biggest listings of 2020 and one of the biggest tech IPOs of all time.
An exit for Airbnb means its early investors stand to profit – including Bezos.While Bezos’ payday will likely net him millions of dollars, it will hardly make a difference for the richest man, whose net worth tops $182 billion. The majority of Bezos’ wealth stems from his shares in Amazon. Bezos owns about 11% of the e-commerce giant he founded in 1994, according to Bloomberg.
Beyond his substantial Amazon stake, Bezos is a prolific investor, with early investments in Google, Uber, and Twitter. Bezos was also an early investor in Business Insider, though he has since sold his stake in the company.
