The $250 Million Jeff Bezos Spent For The Washington Post Is Less Than 1% Of His Net Worth

Julie Bort
August 5, 2013
Jeff Bezos
Jeff Bezos

Reuters

Amazon's Jeff Bezos

Jeff Bezos just bought one of the nation's most venerable newspapers and he got it for a sneeze: $250 million in cash.

As Bloomberg News reporter Michael Moore pointed out in a tweet, the purchase price is less than 1% of Bezos' net worth, according to Bloomberg Billionaires Index.

Bezos is No. 15 on that list of 100 billionaires, worth $28.2 billion.

Just to give you some idea on how little this is (from a billionaire's point of view), Bezos spent a smaller percentage of his net worth on the Washington Post than Sean Parker spent on his wedding, tweeted Splitsider's Adam Frucci.

Parker is worth $2.1 billion, according to Celebrity Net Worth and spent $10 million on his wedding. Plus, he was fined another $2.5 million for building sets for the extravagant wedding in an ecologically sensitive redwood forest without obtaining the proper permission.



More From Business Insider