Have you ever wondered what you would do if you were the richest person alive? Some of us couldn't even dream of what to do with just $1 billion. However, we can take a look at what one of the actual richest people alive does with his money.
As of June 2021, Amazon founder Jeff Bezos had a net worth of $177 billion, according to Forbes. Bezos has made a wide variety of investments through Amazon: Bezos Expeditions, his venture capital firm; Nash Holdings LLC, a private company he owns; the Bezos Family Foundation; and his own personal fortune.
His investments are out to save the world, too.
Bezos Expeditions has invested in biotech companies seeking to cure cancer, agriculture tech companies aiming to solve world hunger, finance tech companies empowering underserved communities and educational tech companies helping people prepare for an evolving job market.
As Bezos will be stepping down as CEO of Amazon in July 2021 to be executive chairman, he'll likely be dedicating more of his time to his other investments and charities.
Last updated: July 1, 2021
In April 2017, Bezos invested $190 million from his personal cash flow during a Series D funding round for EverFi. The educational technology company focuses on financial education, social and emotional learning, and STEM and career readiness, among other offerings. According to the EverFi website, the company is “fulfilling the need for scalable education in an ever-changing world.”
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Back in 2011, Bezos' investments included about $4.5 million dollars for General Assembly, back when the company was just a co-working space. Since then, GA has grown into a global campus that “fosters an elite professional community of individuals and companies through education and strategic career connections,” according to its website. They offer online and in-person courses at one of their 20 global locations. GA’s full-time and part-time courses help advance the careers of people looking to work in the high-demand field of tech and design.
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The billionaire was part of a group that invested $10 million dollars into the 3D printing company MakerBot back in 2011. MakerBot was one of the first companies to introduce 3D printing to the public in a way that was accessible to any consumer. MakerBot has since been acquired by Stratasys, a company that has pioneered 3D printing technology for 30 years.
During Series B funding in 2013, Bezos Expeditions followed super-investor David Sze with an investment in the private social media app Nextdoor.This free app is used to connect with people who live in your community about neighborhood safety, job postings, lost pets and local politics.
Nextdoor is currently in discussion to possibly file for an IPO, with an estimated valuation of between $4 billion and $5 billion. Thus far, the company has raised $470 million in total funding.
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In July of 2017, Bezos Expeditions made an investment in the future of food. Plenty is an agriculture technology company that develops plant sciences for crops to flourish in a pesticide and GMO-free environment. The ag-tech company received a $200 million investment from Bezos Expeditions during their Series B funding. Currently, Plenty has raised a total of $500 million in funding. You might have seen their vertical farms that grow veggies indoors, using only one percent of the water used in traditional agriculture and producing crop yields up to 350 times greater than traditional methods.
The extremely popular accommodation marketplace provides access to 5.6 million unique places to stay in more than 100,000 cities and 220 countries, and it received a Bezos investment of $112 million, according to a Visual Capitalist report. Airbnb has raised $5.8 billion in funding and now has about 5,465 employees. Airbnb priced its IPO at $68 per share in Dec. 2020, giving it a $47 billion valuation. As of Jun 16, 2021, the publicly traded corporation had a current market valuation of over $93 billion.
Bezos appears to be trying to make the world a better place by supporting companies like Grail, a healthcare company focusing on detecting cancer early before treatments become too invasive. In 2016, Bezos Expeditions invested $100 million in Grail. Grail raised over $2 billion in funding and announced an IPO in Sept. 2020, but just one week later Illumina announced that it was going to buy the company for $8 billion.
In Apr. 2014, Bezos Expeditions invested $56 million in Juno Therapeutics, followed by $134 million in Aug. 2014. The company develops immunotherapies for the treatment of cancer. In January 2018, pharmaceutical company Celgene acquired Juno Therapeutics for $9 billion.
Bezos Expeditions invested $27 million in Series B financing for Mark43 in Apr. 2016. Bezos was also part of the $38 million Mark43 secured in its Series C round of funding. Mark43 was founded in 2012 which aims to improve public safety software. Amazon Web Services — Amazon's secure cloud computing space — provides Mark43 support for their large criminal justice information security workloads.
This fin-tech company is helping people grow their small businesses by making access to credit simple, secure, fast and transparent. In Sept. 2015, Fundbox was given $50 million by Bezos Expeditions and Spark Capital Growth in a Series C funding round. Currently, the company has raised $453.5 million and is looking to IPO with a valuation of $1.5 billion.
This cybersecurity company secured a $150 million investment from Bezos Expeditions back in 2014. Lookout has raised a total of $288.5 million over seven rounds of funding, for a valuation of $1 billion. The cybersecurity company provides its services to both large organizations as well as providing security to individuals on their personal mobile phones.
Back in 2011, Bezos invested $37 million in Uber’s Series B funding round. The popular ride-hailing app went public in 2019 at $45 per share, valuing the company at $82.4 billion. At a current share price of $48.89 as of Jun. 16, 2021, Uber now sports a market cap of over $93 billion.
In 2013, Bezos invested $60 million in Domo, a company that connects CEOs to their front-line employees with access to real-time data and insights and allows them to manage the business from their smartphones. Domo priced its IPO at $21 per share in 2018, raising $193 million. As of Jun. 16, 2021, the stock trades at $75 per share, giving the company a market cap of $2.432 billion.
Breakthrough Energy Ventures
Bezos and some of his billionaire pals are banding together to save the world with their money as the supergroup -- Breakthrough Energy Ventures. The venture capital firm led by Bezos, Bill Gates, Jack Ma of Alibaba Group, John Doerr of Kleiner Perkins Caufield & Byers, Michael Bloomberg and Vinod Khosla of Khosla Ventures has invested in 40 different startups. The fund aims to lead the world to net-zero emissions by investing in cutting-edge companies, according to Breakthrough Energy’s website.
Bezos Expeditions, along with Decheng Capital and other investors, kicked in $15 million to Mindstrong Health’s Series B funding stage in 2018. The company's mission is to transform "mental health through innovations in virtual care, data measurement, and data science."
In May 2020, Mindstrong Health raised $100 million in its Series C funding round. Unsurprisingly, the company is generating quite a bit of buzz. MIT Technology Review claimed that Mindstrong Health is “the smartphone app that can tell you’re depressed before you know it yourself.”
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John Csiszar contributed to the reporting for this article.
This article originally appeared on GOBankingRates.com: Jeff Bezos Quietly Bet on These 15 Companies — Why You Should, Too