Jeff Bezos’ siblings, Mark and Christina, demonstrated their faith in a budding online bookstore by investing $10,000 each. Their bold decision to purchase 30,000 shares of Amazon.com Inc. in 1996 was undoubtedly a risky move that has since proven to be remarkably lucrative.
Bezos relentlessly pursued support from family members, friends, and potential investors to realize his vision. However, convincing them to invest in his then-high-risk venture was a challenging task that required perseverance and conviction.
“Take advantage of prime real estate opportunities, thanks to Jeff Bezos, without the hassle of being a landlord. Discover how.
Boost your financial standing with these 5 simple steps to elevate America’s net worth in 2024. Each step takes just minutes to complete.
Young wealthy Americans are shifting their confidence away from the stock market and towards these 3 alternative assets with promising long-term prospects. Act now to ride the wave.
In ‘The Everything Store: Jeff Bezos and the Age of Amazon,’ Bezos quips, ‘I want you to know what the risks are because I still want to come home for Thanksgiving if this doesn’t work.’ Looking back, had the Bezos siblings held onto their shares, their stake in Amazon would have surpassed the billion-dollar mark, as reported by Bloomberg in 2018.”
In a recent development, Bezos has sold 14 million shares of Amazon.com Inc., totaling $2.4 billion, marking the conclusion of his plan to sell 50 million shares by January 31, 2025. With this latest transaction, Bezos has cashed out a total of $8.5 billion.
Regardless of whether you have $10,000 or just $100 to invest, there are numerous avenues to build wealth that don’t involve navigating the stock market or convincing your family to embark on a risky entrepreneurial venture.
Invest in real estate
Investing in real estate is a reliable method to grow your wealth, resistant to inflation. However, it typically involves the challenge of acquiring physical properties and the associated responsibilities of being a landlord. Fortunately, there are avenues to invest without these hassles, and you don’t need millions in the bank to do so.
For example, Arrived is an online platform backed by prominent investors, including Jeff Bezos, where ordinary investors can buy shares in rental homes and vacation properties. This allows you to enter the real estate market without taking on the duties of a landlord.
Arrived offers a curated selection of homes, each assessed for their potential appreciation and income. Once you find a property you like, you can invest with as little as $100, selecting the number of shares you wish to purchase.
Invest today for the future you want
Amazon’s continued success in today’s dynamic digital landscape owes much to Bezos’ entrepreneurial spirit and astute financial decision-making skills, which have positioned the company for long-term prosperity.
Bezos retired as Amazon’s CEO in 2021 at the age of 57, boasting a net worth of approximately $199 billion, as reported by Business Insider. At that time, his fortune was 739,489 times the median net worth of an American aged 65.
While attaining such vast wealth may seem unattainable for most, it prompts reflection on one’s own definition of long-term financial success. For many, this entails investing in a manner that secures a comfortable retirement, free from financial worries once a salary is no longer earned. Achieving this goal hinges on the investment decisions made today.
For those seeking to sidestep the volatility of the stock market, one viable option is opening a Gold IRA with American Hartford Gold. This allows investors to directly invest in physical precious metals rather than stocks and bonds.
Investing in precious metals through an IRA also offers the added advantage of tax benefits associated with retirement accounts. By partnering with American Hartford Gold, investors may receive up to $10,000 in complimentary silver and gain access to a free investor guide aimed at safeguarding and growing their wealth.
