- Jeff Bezos is about to get a payday thanks to Airbnb’s initial public offering.
- 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 or 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 initial public offering.
Airbnb publicly revealed the documents for its IPO on Monday, providing a glimpse into the company’s financials. The home-sharing startup hopes to raise $3 billion with its IPO, which would give it a valuation of about $30 billion, according to a Reuters report from earlier this month.
Read more: Airbnb’s Brian Chesky says what it was like to watch his company’s revenue plunge 80% in eight weeks and how he decided to go public anyway in exclusive interview
An exit for Airbnb means its early investors stand to profit — including Bezos.
The Amazon CEO invested in Airbnb in two rounds, according to PitchBook data: the startup’s Series A and Series B in 2010 and 2011, respectively. He used his personal venture-capital firm, Bezos Expeditions, to invest. 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 or 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 difference for the richest man, whose net worth tops over $184 billion. The majority of Bezos’ wealth stems from his shares in Amazon. Bezos owns about 11% of the e-commerce 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.
Axel Springer, Insider Inc.’s parent company, is an investor in Airbnb.