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- Jeff Bezos is about to get a payday thanks to Airbnb’s IPO.
- The Amazon CEO was an early Airbnb investor, participating in Airbnb’s Series A and Series B rounds in 2010 and 2011, respectively.
- It’s not clear how much Bezos invested in the company at the time and whether he still owns all of his shares. A spokesperson for Bezos Expeditions did not immediately respond to Business Insider’s request for comment on its Airbnb investment.
- Visit Business Insider’s homepage for more stories.
Jeff Bezos may soon see a multimillion-dollar payday thanks to Airbnb’s IPO.
Airbnb publicly revealed the documents for its initial public offering on Monday, providing the first glimpse into the company’s financials ahead of its highly anticipated IPO. The home-sharing startup reportedly aims to raise $3 billion with its IPO, giving it a valuation of around $30 billion, according to a Reuters report from earlier this month.
An exit for Airbnb means its early investors stand to profit — Jeff Bezos among them.
The Amazon CEO — through his personal venture capital firm, Bezos Expeditions — invested in Airbnb in two different rounds, according to Pitchbook data: The startup’s Series A and Series B in 2010 and 2011. The rounds totaled $119 million in funding for Airbnb, with investment from Ashton Kutcher’s A-Grade Investments, Sequoia Capital, Andreessen Horowitz, and Greylock Partners.
It's not clear how much Bezos invested in the company at the time and whether he still owns all of his shares.
A spokesperson for Bezos Expeditions did not immediately respond to Business Insider's request for comment on its Airbnb investment.
While Bezos' payday will likely net him millions of dollars, it will hardly make a dent for the world's richest man, whose net worth currently tops over $184 billion. The majority of Bezos' wealth stems from his shares in Amazon — Bezos owns about 11% of the ecommerce giant he founded in 1994, according to Bloomberg.
Beyond his substantial Amazon stake, Bezos is a prolific investor, with early investments in Google, Uber, and Twitter. (Bezos was also an early investor in Business Insider, though he has since sold his stake in the company.)
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