Jackie Bezos’ inheritance: How Jeff Bezos’ late mother’s Amazon gamble turned into history’s greatest family investments

Jackie Bezos, the mother of billionaire and entrepreneur Jeff Bezos, died at her home in Miami on Thursday, 78 years old. According to Bezos Family Foundation website, Jackie has been fighting Lewy body dementia since 2020 – a progressive brain disorder affecting thinking, movement, behavior and mood.

Jackie’s legacy:

While Jackie Bezos’s support for her son Jeff before her Amazon journey is well known, perhaps the less well -known thing is how well the first investment in the company paid in 1995.

Although Jackie and Mike Bezos-Jeff had little information about how the stepfather-e-commerce or the internet works, Amazon invested $ 245,573. During the investment, Amazon was only an online bookstore run from Jeff’s garage, and the internet was still a niche. The couple invested in the company because they believed in Jeff’s ambition, and the risk of losing them completely realized that there was a very real risk.

The investment paid in a magnificent way and eventually it was worth billions of dollars – one of the most successful family investments in history. According to a Bloomberg report in 2018, Bezos parents’ assets have not been announced by the Amazon since 1999, but given the Amazon stock donations, the philanthropist continues to continue on the philanthropic foundations, and still seems to be controlling a very healthy part of the shares.

Between 2001-2016, the couple donated approximately 595,027 shares to Bezos Family Foundation. The value of 25,000 shares donated from them was $ 20 million at that time.

If they haven’t sold any shares or donations since then, the couple would have about 16.6 million shares, which would keep them among the greatest individual owners of Amazon.

Who was Jackie Bezos?

On December 29, 1946, Washington was born at DC, and Jackie’s life was defined by determination, compassion and service commitment. Jeffrey, his first child, became a mother at a young age by raising alone at New Mexico, Albuquerque. While working at a bank during the day, he attended university classes at night. During this period, Cuba immigrant Miguel, who has been a husband and a partner for nearly 60 years, met “Mike” Bezos.

Jackie and Mike raised three children – Jeff, Christina and Mark – in a house that endured as a community center. Friends and neighbors often visited, drawn by Jackie’s warmth, advice and open -hearted hospitality. Many of them remembered their unique gift to make everyone feel like a family.

At the age of 45, Jackie graduated from Saint Elizabeth University with high honors in the field of psychology. His belief in continuous learning shaped his work with Bezos Family Foundation, which was initiated with her husband and children in 2000.