Bezos leaves behind huge Seattle real estate portfolio as he and Lauren Sanchez plan to move to Miami

Amazon.com Inc. founder Jeff Bezos’ recent announcement that he would be moving to Miami with his fiancée Lauren Sanchez caused a stir as he left behind the Seattle areasynonymous with the success of the company.

Amazon staff are reportedly looking for large office spaces in Miami.

Parents and space launches

“As exciting as this decision is, it is an emotional decision for me,” Bezos wrote in a November Instagram post.

Bezos expressed several reasons for this decision, including a desire to be closer to his parents, Sanchez’s love of South Florida, and his desire for proximity to Blue origin, his space exploration company that launches from Cape Canaveral. Amazon and Microsoft Corp.Seattle’s growth has both contributed to Seattle’s position as a tech hub and the region’s ability to attract top tech talent.

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Once the move is complete, Bezos will leave behind a Seattle real estate empire worth an estimated $190 million. In 2019, following his high-profile divorce from novelist MacKenzie Scott, Bezos went on a $45 million home-buying spree, snapping up four properties in the exclusive Hunts Point neighborhood. Business Insider discovered these properties by cross-referencing property tax records with addresses linked to commercial businesses and properties known to Bezos.

In 2019, Bezos acquired three relatively modest homes ranging from $1.8 million to $3.3 million within a mile of his waterfront estate. One of the properties, a four-bedroom house, is listed for sale at $4.4 million.

One of the gems in his portfolio is a waterfront estate in Hunts Point, purchased in 2019 for $37.5 million through a trust. This residence, featuring 300 feet of shoreline, a rooftop terrace with a fireplace and a glass bridge leading to a two-story guest house, serves as Bezos’ residence when he is in town.

In addition to his personal portfolio, Bezos also invests in the real estate company Arrived. Arrived offers a fractional real estate investing platform with nearly half a million retail investors. Through this platform, investors can acquire shares of single-family rental properties with a minimum investment of $100. She recently launched the Single-family residential fund arrivedwhich streamlines capital allocation by allowing users to invest larger amounts at their convenience without waiting for individual properties to launch.

$1.5 million per hour allows for lavish spending

Bezos’ departure from Seattle does not diminish his influence on the real estate landscape. In addition to his properties in Seattle, he remains a formidable landowner with various properties across the United States. His portfolio includes a ranch in Texas, apartments in Manhattan, the largest home in Washington, D.C., an estate in Los Angeles and a $78 million home in Hawaii.

These expenses are unlikely to significantly dent Bezos’ net worth, as he earns around $1.5 million per hour and is worth $169.2 billion, according to Forbes’ Real-Time Billionaires List as of December 7.

In Miami, Bezos continues his trend of acquiring neighboring properties, investing in two adjacent estates on Indian Creek, an artificial island off the coast. The guarded island, known as the billionaires’ bunker, is home to ultra-rich people, including former NFL quarterback Tom Brady, Jared Kushner and Ivanka Trump, as well as a billionaire hedge fund manager. Ken Griffin.

Bezos’ opulent lifestyle faced an unexpected challenge in Miami, where his $500 million yacht, Koru, would have difficulty finding suitable mooring space due to its immense size. The yacht’s presence among oil tankers in a Florida port adds an intriguing twist to Bezos’ continuing quest for luxury.

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