Jeff Bezos’ Parents Put $250,000 Into His 1995 Internet Bet Despite a 70% Loss Risk
In 1995, Jeff Bezos pitched his parents, Miguel and Jackie Bezos, on an online bookstore and they put $250,000 of their savings into the idea after he warned there was a 70% chance they would lose everything. That early stake, bought at roughly 17 cents a share for 1,430,244 shares, later ballooned to a value […]
Key Takeaways
- In 1995, Jeff Bezos pitched his parents, Miguel and Jackie Bezos, on an online bookstore and they put $250,000 of their savings into the idea after he warned there was a 70% chance they would lose everything.
- That early stake, bought at roughly 17 cents a share for 1,430,244 shares, later ballooned to a value […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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