Jeff Bezos has helped his parents snap up a six-bedroom, seven-bathroom waterfront mega-mansion in Florida’s Coral Gables in Miami for $34million.
And Mike and Jackie Bezos are also eyeing up the property next door for a cool $40million.
The multi-billionaire founder of Amazon – notorious for allegedly forcing its warehouse employees to pee into plastic bottles – has generously helped the parents who raised him make the combined $74million mega-purchase, the NY Post reports.
The deal went through around the same time as Bezos, 58, was spotted yesterday walking through London’s high-end Mayfair area hand in hand with his TV personality girlfriend Lauren Sanchez, 52.
Earlier this week he enjoyed a private tour of Buckingham Palace before dinner at a private member’s club with Tom Cruise.
His parent’s new luxury 12,000 square foot waterfront estate with ocean access is described as a ‘2021 Masterpiece’ and one of only two in the gated community – with the other thought to soon be Mike and Jackie’s property, too.
Although the next-door property is listed as currently not for sale, this suggests that Bezos might have to use all his charm and financial might to convince the current occupants to part with their home.
Jeff Bezos (center) has helped his parents, Jackie Bezos and Mike Bezos, snap up a six-bedroom, seven-bathroom waterfront mega-mansion in Florida’s Coral Gables in Miami for $34million
The new luxury 12,000 square foot waterfront estate with ocean access is described as a ‘2021 masterpiece’ and one of only two in the gated community
The property was bought by a Delaware company linked to Bezos’ parents with the help of a $5million loan from the Bank of America.
Forgotten Fountain LLC shares an address with the Bezos Family Foundation on Mercer Island in Washington state, which has been run by Mike and Jackie Bezos, Jeff’s mother and stepfather, respectively, for 25 years.
The mansion was previously owned by Raul Calvoz and Raquel Cordon, the former CEO of PetsMD, who bought it in 2018 for $8.5million and then undertook a complete gut renovation.
A fixer-upper, which might go some way to explaining the quadrupling in the property’s value in just four years.
Set on almost 2 acres, the estate features 200 feet of water views, covered terraces, second-story terraces, and an expansive pool area featuring a fully equipped kitchen and dining area with a barbeque grill.
Inside the mansion, the cook that Bezos’ parents hired will be delighted to find an ‘epicurean dream’ chef’s kitchen featuring a gas cooktop, a cooking island, a food warmer, double ovens, and an expansive window overlooking the pool and waterway.
Set on almost 2 acres, the estate features 200 feet of water views, covered terraces, second-story terraces, and an expansive pool area featuring a fully equipped kitchen and dining area with a barbeque grill
Amazon boss Jeff Bezos took his TV personality girlfriend Lauren Sanchez out to dine with Family at the Wolesley in London
And on quiet winter weekends, the octogenarians can enjoy the gym and indoor climbing wall, and then afterwards settle in to the wine cellar or tour the nine-car garage.
Although a helping hand from their successful son may have been welcome, Mike and Jackie Bezos were already thought to be independently wealthy and may have been able to afford it anyway.
Aside from wealth generated by Mike’s career in the oil industry, the couple also made a $250,000 investment in their son’s one trillion dollar company back in the 1990s.
The house was originally listed for $25.8 million in 2020, so it looks like real estate broker Lourdes Alatriste of Douglas Elliman, who represented both the buyer and seller, struck a canny deal between her clients.
Meanwhile, the transaction on the adjacent home, which last sold in 2019 for $14 million, is expected to close soon for $40 million. That home spans over 8,700 square feet and is made up of five bedrooms and five bathrooms.
Jeff Bezos’ biological father, Ted Jorgensen. Bezos was raised by his adopted step-father, Miguel ‘Mike’ Bezos
Jeff Bezos, the third richest man in the world after Elon Musk and Bernard Arnault, with a net worth of more than $140 billion, according to Forbes, has assembled quite the property portfolio over the years.
The former Amazon CEO – who stepped down in February 2021 – directly or indirectly owns multimillion dollar homes in New York, Washington DC, LA, Beverly Hills, Texas, Seattle, and now Florida.
There were even rumors that he was trying to buy his parents a property in Maui, Hawaii.
Bezos founded space company Blue Origin as far back as 2000. It was another investment to pay off as in 2020 the company sent its billionaire founder into space at an altitude of 61 miles on the New Shepard spacecraft.
He was born to Jacklyn in 1957 when she was just 17 and still in school.
Jackie divorced Bezos’ father, Ted, in 1965 and married Miguel ‘Mike’ Bezos shortly after.
Mike agreed to adopt Jeff and raised him as his own when he was four years old.
Mike came from a Cuban immigrant family and worked as an engineer for Exxon when he moved to the US.
The sum of $245,573 that they lent him, in the form of an investment into his new company Amazon in 1995, was considered not just a huge amount but also a massive risk, as people were still skeptical of the internet.
But the gamble paid off, as their son is now a multi-billionaire and the proud parents are the owners of a new Miami mansion.
How Jeff Bezos became the third wealthiest man in the world worth $140billion
Born in 1965 to humble surroundings, Bezos studied engineering at college and spent his formative years working in banking and technology.
It was a well-judged pairing, because in 1993 he had his eureka moment and started selling books through this new invention known as ‘the Internet’.
He persuaded friends and family to invest and he warned them that his business was 70 per cent likely to fail.
But his new business, which he named Amazon, took off.
Bezos made his first million in 1997 when he raised $54 million through Amazon’s initial public offering (IPO).
In 1998 he expanded from beyond books into selling all kinds of consumer goods.
He started acquiring other companies and the business grew rapidly as it became a household name and threatened to run traditional high street shops out of business.
It was the coming of the Coronavirus pandemic that really cemented Jeff Bezos as one of the richest men in the world.
With countries globally locked down and shops shuttered, half the world turned to Amazon to get their goods.
Jeff Bezos’ wealth nearly doubled in 2020, eventually peaking at over $200billion.