Jeff Bezos is probably making big financial decisions every day. Bezos, who is better known for being the founder of Amazon, is after all, one of the richest men in the world. And the fact that every little thing he does is scrutinized comes from that, of course, but also from the personal drama people feel invested in. First there was the divorce from Mackenzie Scott, which made her a billionaire. Then his recent lavish Venice wedding to journalist Lauren Sánchez. But what exactly has Bezos done now?
Well, he’s sold his Seattle mansion after two years of living in Miami with his wife, Lauren Sánchez. And the numbers are staggering. The Puget Sound Business Journal first reported the property was sold for $63 million.
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The property was one Bezos bought in 2019. He originally purchased it for $37.5 million, so he made more than $25 million from the sale. It’s located in the neighborhood of Hunts Point in King County, which overlooks Lake Washington and is about seven miles from Amazon HQ in downtown Seattle. Seems like Bezos doesn’t anticipate a need to return to company HQ anytime soon.
Part of it might have to do with the fact that he seems divesting of Amazon stock, to the point that today his ownership stake in Amazon is less than 10%. In a disclosure this year Bezos reported that he held 9.6% of the company’s outstanding shares. He has unloaded more than 100 million shares in the past year alone. Last year, Bezos owned 10.1% of the company. In 1997, when the company went public, he owned 43%.
Despite how much things have changed for Bezos, it’s important to remember that his net worth is still somewhere north of $220 billion. So he’s not exactly hurting for money, but that clearly doesn’t mean he’s not trying to earn more when he can. For example, at court.
This all comes amid the still ongoing legal battle with his wife’s estranged brother Michael Sánchez. It all ties back to reports that Bezos and Sánchez were having an affair, which first surfaced while she was still married to Patrick Whitesell. The reports came with X-rated photos from their private texts, which were at the time blamed on Sánchez’s brother.
Michael Sánchez denied all charges, calling his sister and Bezos “liars and cheaters” and even sued them for defamation. The Los Angeles County Superior Court ruled in Bezos’ favor, however, with the Amazon founder then requesting that Sánchez covers all legal feels.
Page Six reported that Bezos’ legal team filed a motion in California Superior Court demanding that Michael Sánchez pay $182,374 in attorney’s fees and $8,182 in legal costs, “incurred in connection with (1) her successful Special Motion to Strike, and (2) this Motion for Attorney’s Fees and Costs.”
Twenty-five million over a house, almost 200 thousand in attorney’s fees. It might not be anywhere near the same number, but Bezos is still clearly thinking like a businessman.
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