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[243][244] Media reports have accused Sanchez's brother Michael of being the source for the photos obtained by National Enquirer; however, Bezos has speculated that it may have been the Saudi Arabian government. [230], In February 2020, Bezos purchased the Warner Estate from David Geffen for $165 million,[231][232] a record price paid for a residence in the Los Angeles area. The NFL has played games in London, Mexico City and Germany but there is one place they haven't touched. Overtime's basketball league offers $100K salaries to teen players. [51] He favored diverting Amazon profits back into the company in lieu of allocating it amongst shareholders in the form of dividends. Jeffrey Preston Jorgensen was born in Albuquerque, New Mexico, on January 12, 1964,[16] the son of Jacklyn (ne Gise) and Theodore Jrgensen. [228] Bezos had also purchased three adjoining apartments at 25 Central Park West in Manhattan for $7.65 million in 1999;[229][230] he bought a fourth unit in that building for $5.3 million in 2012. We Have 4 Guesses", "Jeff Bezos to fund schools where 'child will be the customer' with new charity", "Jeff Bezos to Create $2 Billion Fund for Homeless, Preschools", "Jeff Bezos Unveils Multibillion-Dollar Plans For Charitable Giving", "Jeff Bezos donates $33million to scholarship fund for 'dreamers', "Backed by Bill Gates and Jeff Bezos, Breakthrough Energy Ventures places first bets on power storage", "Jeff Bezos donates $10million to organization that helps veterans run for office", "Amazon founder Jeff Bezos commits $10bn to fight climate change", "Jeff Bezos: World's richest man pledges $10bn to fight climate change", "Bezos Earth Fund announces first grants totaling $791M of his $10B pledge to help planet", "Bezos Earth Fund gives nearly $800 million to climate groups in first round of grants", "Jeff Bezos names first recipients of his $10 billion Earth Fund for combating climate change", "Twitter boss pledges $1bn for coronavirus relief", "Why Jeff Bezos's $100 million donation to food banks won't satisfy his critics", "Jeff Bezos Pledges $2B for Nature Conservation as World Leaders Address Deforestation, Emissions", Jeff Bezos's tuition-free preschool is expanding to new locations in Texas and Florida. He worked on Wall Street in a variety of related fields from 1986 to early 1994. As CBS Sports reported back in 2019, Bezos spent some time getting close with several owners back then and he had "strong support within the league" to become an owner at that point. Richard Lautens | Toronto Star | Getty Images. [197] By the time the Forbes list was calculated in March 2016, his net worth was registered at $45.2billion. The company began as an online bookstore and has since expanded to a variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. Bezos started to wear tailored clothing; he weight trained, pursued a regimented diet and began to freely spend his money. "[153], During the late 2010s, Bezos reversed his reputation for being reluctant to spend money on non-business-related expenses. [301][302][303] In April 2020, early in the COVID-19 pandemic, Bezos donated $100 million to food banks through Feeding America. [236][115] Bezos treatment of employees at The Washington Post has also drawn scrutiny. He is the founder and CEO of Amazon, owner of The Washington Post and founder of the space exploration company Blue [154][28] Bezos has been known to publicly contest claims made in critical articles, as exemplified in 2015 when he sent a memo to employees denouncing a New York Times piece. [129][130], In September 2021, Bezos co-founded Altos Labs with Mail.ru founder Yuri Milner. Jeff Bezos will officially step down as Amazon CEO on Sunday. 1) Hes capable of paying whatever for a team. Overtime raised $80 million in a Series C with investors including Bezos Expeditions, Drake and NBA stars including Devin Booker, Trae Young and Klay Thompson. Khashoggi was killed in late 2018, in Turkey's Saudi consulate for his critical stance and journalism against the Saudi government and its leader. He described this life philosophy by stating: "When I'm 80, am I going to regret leaving Wall Street? [105][106] In May 2018, Bezos maintained that the primary goal of Blue Origin is to preserve the natural resources of Earth by making the human species multi-planetary. [51], In 1998, Bezos diversified into the online sale of music and video, and by the end of the year he had expanded the company's products to include a variety of other consumer goods. In September 2021, Bezos co-founded biotechnology company Altos Labs with Mail.ru founder Yuri Milner.[7]. Jeff Bezos is currently the world's second-richest man, so purchasing an NFL (National Football League) franchise wouldn't be too tall a task for the billionaire. Billionaire Tim Koch has always loved adventure, from riding horses to exploring the The fundraising comes more than a month after Overtime announced a paid basketball league for young players. Jeff Bezos once tried to buy the Seattle Seahawks, even when they werent selling. ago The conversation was a lot more depressing than what you imagine r/SCP Join 3 yr. ago [7] The company has recruited prominent scientists such as Juan Carlos Izpisa Belmonte (known for work on rejuvenation through reprogramming), Steve Horvath (known for work in epigenetic aging clocks), and Shinya Yamanaka (the Nobel Prize-winning inventor of cellular reprogramming in mammalian cells). [41][42], After Bezos graduated from college in 1986, he was offered jobs at Intel, Bell Labs, and Andersen Consulting, among others. Although the crash was viewed as a setback, news outlets noted how far the company went from its founding-to-date in advancing spaceflight. Jeff Bezos Investors in OTE include Portland Trail Blazers forward Carmelo Anthony, Brooklyn Nets star Kevin Durant and Silicon Valley venture capital firm Andreessen Horowitz. Jeff Bezos No, Jeff Bezos does not own a sports team. [307], In November 2022, Bezos granted a $100-million Courage and Civility Award to singer Dolly Parton in recognition of her charity work focused on improving children's literacy around the world. [37] In 1986, he graduated summa cum laude from Princeton University with a 4.2 GPA and a Bachelor of Science in Engineering degree (B.S.E.) what sports do jeff bezos play? ictsd.org There are really three things to look at here. [200], Bezos would continue to sporadically surpass Gates throughout the month of October 2017 after Amazon's share price fluctuated. Yes. Bezos became D. E. Shaw's fourth senior vice-president by age 30. Aaron Rodgers Answers 'Diva' Question; ESPN Conflicting [186] His net worth decreased to $6.1billion a year later, a 40.5% drop. A Division of NBCUniversal. The letter demanded "Fair wages; fair benefits for retirement, family leave and health care; and a fair amount of job security. ", "Jeff Bezos and MacKenzie Bezos have finalized their divorce agreement", "World's richest man Jeff Bezos divorces", "Jeff Bezos, World's Richest Person, Announces Divorce After 25 Years Of Marriage", "MacKenzie Bezos, author, philanthropist, and soon to be world's richest woman? WebOn Feb 21st, both Jones' jet and Bezos' jet landed at Princess Juliana Airport on the Island of St. Martin. [203] Bezos was officially ranked as the third-wealthiest person in the world, up from the 5th spot in 2016. "[273] Despite Bezos's support for an open borders policy towards immigrants, Amazon has actively marketed facial recognition software to U.S. Immigration and Customs Enforcement (ICE). [22] Shortly after the wedding, Mike adopted four-year-old Jeff whose surname was then legally changed from Jorgensen to Bezos. [259], According to public campaign finance records, Bezos supported the electoral campaigns of Patty Murray and Maria Cantwell, two Democratic U.S. senators from Washington. Getty. [27] Jeff would later purchase this ranch and expand it from 25,000 acres (10,117ha) to 300,000 acres (121,406ha). Bezos has turned this into his hobby, working with teams in submarines (sometimes bringing along his family) to retrieve these historic relics. Bezos founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. [57] In 2002, Bezos led Amazon to launch Amazon Web Services, which compiled data from weather channels and website traffic. Get this delivered to your inbox, and more info about our products and services. Jeff Bezos [261] Bezos donated $100,000 towards a movement against a Washington state income tax in 2010 for "top earners". Subsequently, National Enquirer revealed that Bezos had an affair with media personality Lauren Snchez; the affair with Sanchez had lasted for months. [251][252] All survived; Bezos sustained only minor injuries and was discharged from a local hospital the same day. Since that report from November 2019, Bezos' ties with the NFL have only grown. Sports media company Overtime has secured an $80 million fundraising round with investors including Jeff Bezos investment firm, global entertainer Drake, [93], After its founding, Blue Origin maintained a low profile until 2006 when it purchased a large tract of land in West Texas for a launch and test facility. [192][193] His wealth rose by 85.2% in 2010, leaving him with $12.6billion. Mark remembers his brother being extremely thin and basically eating whatever he wanted. [45][43], In late 1993, Bezos read that the Internet was growing at a rate of 2300% a year and decided to establish an online bookstore. [286] That same month, Janet Camarena, director of transparency initiatives at Foundation Center, was quoted by CNBC as having questions about Bezos's new Day 1 Fund, including the fund's structure and how exactly it will be funded. Jeff Bezos once tried to buy the Seattle Seahawks, even when they werent selling. The league and its However, Bezos would keep all of the couple's voting rights. [96] After the crash, Bezos has been superstitiously wearing his "lucky" Texas Cowboy boots to all rocket launches. Jeff Bezos Billionaire Amazon and Washington Post Owner Jeff Bezos has reportedly come up short in his bid to buy the Washington Commanders football team. Retail [288] On June 15, 2017, he posted a message on Twitter asking for ideas for philanthropy: "I'm thinking about a philanthropy strategy that is the opposite of how I mostly spend my timeworking on the long term". [24] Jeff attended River Oaks Elementary School in Houston from fourth to sixth grade. Jeff Bezos [168] Bezos has cited Jeff Immelt (of New Enterprise Associates),[169] Warren Buffett (of Berkshire Hathaway), Jamie Dimon (of JPMorgan Chase), and Bob Iger (of Walt Disney) as major influences on his leadership style. Bezos founded Amazon in late 1994, on a cross-country road trip from New York City to Seattle. The company began as an online bookstore and has since expanded to a wide variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. [308], On November 22, 2022, Jeff Bezos awarded $123 million to organizations that are engaged in relocating homeless families to permanent housing. [102], In December 2017, New Shepard successfully flew and landed dummy passengers, amending and pushing its human space travel start date into late 2018. [14] The suborbital flight lasted over 10 minutes, reaching a peak altitude of 66.5 miles (107.0km). Jeff Bezos | Biography, Amazon, & Facts | Britannica [28] Multiple opinion columnists responded by asking Bezos to pay higher wages to Amazon warehouse workers. ", "Amazon will have a new CEO as Jeff Bezos transitions to executive chair later this year", "Jeff Bezos and brother to fly to space in Blue Origin flight", "Jeff Bezos, Mark Bezos, Wally Funk and Oliver Daemen reach edge of space, return safely on Blue Origin's New Shepard rocket", "Jeff Bezos's single teen mom brought him to night school with her when he was a baby", Why Some Locals Are Skeptical About Jeff Bezos' Free Preschool Near Seattle, "At Last, Jeff Bezos Offers a Hint of His Philanthropic Plans", "Jeff Bezos just sold $534million worth of Amazon stock", "Biography and Video Interview of Jeff Bezos at Academy of Achievement", "Jeff Bezos: A rocket launched from Miami's Palmetto High", "Amazon.com's Bezos invests in space travel, time", "How Amazon's Jeff Bezos went from the son of a teen mom to the richest person in the world", "Top Executive Profiles Jeffrey P. Bezos", "MacKenzie Bezos and the Myth of the Lone Genius Founder", "Who's Writing the Book on Web Business? [56] In response to critical reports from Fortune and Barron's, Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as Borders and Barnes & Noble. [213] The Motley Fool estimated that if Bezos had not sold any of his shares from its original public offering in 1997, his net worth would sit at $181billion in 2018. [123] Bezos used Bezos Expeditions to fund several philanthropic projects, including an Innovation center at the Seattle Museum of History and Industry and the Bezos Center for Neural Circuit Dynamics at Princeton Neuroscience Institute. As CBS Sports reported back in 2019, Bezos spent some time getting close with several owners back then and he had "strong support within the league" to become an owner at that point. In 2016, Bezos allowed select journalists to visit, tour, and photograph his facility. [111] The sale closed on October 1, 2013, and Nash Holdings took control. [211] Bezos's net worth increased by $33.6billion from January 2017 to January 2018. Forensic analysis of Bezos's mobile phone conducted by advisory firm FTI Consulting, concluded it "highly probable" that the hack was achieved using a malicious file hidden in a video sent in a WhatsApp message to Bezos from the personal account of the crown prince on May 1, 2018. [268] A 2018, $10billion contract known as the Joint Enterprise Defense Infrastructure (JEDI) project, this time with the Pentagon, was allegedly written up in a way that favors Amazon. Author of Book on Amazon", "What Is Jeff Bezos's Religion? [26] Lawrence retired early to his family's ranch near Cotulla, Texas, where Jeff would spend many summers in his youth. Jeff Bezos taps investment firm while mulling Commanders bid Jeff himself revealed that before Watch Blue Origin Fly 'Mannequin Skywalker' to Space and Back", "Blue Origin plans growth spurt this year", "Jeff Bezos Says He Is Selling $1 Billion a Year in Amazon Stock to Finance Race to Space", "Jeff Bezos: Blue Origin Wants to Colonize the Solar System", "Jeff Bezos: 'We will have to leave this planet and it's going to make this planet better', "Exclusive: Jeff Bezos plans to charge at least $200,000 for space", "Washington Post to be sold to Jeff Bezos", "Jeff Bezos is buying The Washington Post. [91] The 18-year-old Bezos stated that he wanted to preserve Earth from overuse through resource depletion. [204], On March 6, 2018, Bezos was designated the wealthiest person in the world, with a registered net worth of $112billion. Bezos' net worth is worth $119 billion, according to Forbes , and he'd likely be able to outbid other potential buyers. [DanSnydersYacht] Did Jerry Jones meet with Jeff Bezos to [45][51] Three years after Bezos founded Amazon, he took it public with an initial public offering (IPO). [250], In March 2003, Bezos was a passenger in a helicopter that crashed in West Texas while surveying land to buy for Blue Origin; the other 3 occupants in the helicopter were pilot Charles "Cheater" Bella, Amazon lawyer Elizabeth Korrell, and local rancher Ty Holland. According to BBC, Bezos's top security staffer, Gavin de Becker,[279] "linked the hack to the Washington Post's coverage of the murder of Saudi writer Jamal Khashoggi at the Saudi consulate in Istanbul". [100] Later in November, Blue Origin's New Shepard space vehicle successfully rocketed into space and reached its planned test altitude of 329,839 feet (100.5 kilometers) before executing a vertical landing back at the launch site in West Texas. [116] He was one of the first shareholders in Google, when he invested $250,000 in 1998. Earlier this month, Jeff Bezos stepped down as the CEO of Amazon, the company he launched in 1994 as an online bookseller. [73] Later in the month, U.S. President Donald Trump accused Amazon and Bezos, specifically of sales tax avoidance, misusing postal routes, and anti-competitive business practices. In his initial discussion of the project which became Alexa with his technical advisor Greg Hart in 2011, Bezos told him that the goal was to create "the Star Trek computer. [110] To execute the sale, he established limited liability company Nash Holdings to serve as a holding company through which he would own the newspaper. The Washington Post reported that Jones may be leaning on Dan Snyder to sell [275], On November 22, 2021, Jeff Bezos donated $100million to the Obama Foundation to "help expand the scope of programming that reaches emerging leaders", and requested the Obama Presidential Center's plaza to be named after John Lewis. [145] His physical transformation has been compared to the transformation of Amazon; he is often referred to as the metonym of the company. [114] After a surge in online readership in 2016, the paper was profitable for the first time since Bezos made the purchase in 2013. Jeff Bezos Bezos founded Amazon in late 1994 on a road trip from New York City to Seattle. Jeffrey Preston Bezos is an American entrepreneur, media proprietor, investor, and commercial astronaut. He was succeeded as CEO by Andy Jassy. [67] On January 29, 2018, he was featured in Amazon's Super Bowl commercial. [71], In March 2018, Bezos dispatched Amit Agarwal, Amazon's global senior vice president, to India with $5.5billion to localize operations throughout the company's supply chain routes. [121][122], Bezos also supports philanthropic efforts through direct donations and non-profit projects funded by Bezos Expeditions. [92][248] Bezos and MacKenzie have not disclosed their religious status. [293][294], In January 2018, Bezos made a $33million donation to TheDream.US, a college scholarship fund for undocumented immigrants brought to the United States as minors. Initially operating out of his garage, the companys first annual revenue was $510,000. Who Will Win? 20 Tech Founders and Billionaires That Play Sports Jeff Bezos [39] To push Amazon forward, Bezos developed the mantra "Get Big Fast", establishing the company's need to scale its operations to produce market dominance. Since that report from November 2019, Bezos' ties with the NFL have only grown. Altos Labs is a generously funded biotechnology company dedicated to harnessing cellular reprogramming to develop longevity therapeutics. [36] His 1982 high school valedictorian senior graduation speech was followed up with a Miami Herald interview in which he expressed an interest to build and develop hotels, amusement parks, and colonies for human beings who were in orbit. [297], In February 2020, Bezos pledged $10 billion to combat climate change through the Bezos Earth Fund. 3 among the worlds richest, after Amazons stock tanked following a downbeat [160] Journalist Walt Mossberg dubbed the idea that someone who cannot tolerate criticism or critique shouldn't do anything new or interesting "The Bezos Principle". [99], In 2015, Bezos announced that a new orbital launch vehicle was under development and would make its first flight in the late-2010s. [253] He had lobbied Paramount for the role apropos of Alexa and his personal/professional interest in speech recognition. [95] In September 2011, one of the company's unmanned prototype vehicles crashed during a short-hop test flight. [35] In his graduation speech, Bezos told the audience he dreamed of the day when mankind would colonize space. ", "Jeff Bezos Buys David Geffen's Los Angeles Mansion for a Record $165 Million", "Amazon founder Jeff Bezos buys 'most expensive home' in Los Angeles", "Jeff Bezos Drops $16 Million on Another Manhattan Pad to Create a 'Vertical' Dream Home", "Rotterdam Is Dismantling a Historic Bridge for Jeff Bezos's Superyacht", "Expecting the Unexpected From Jeff Bezos", "Washington Post' May Find Conflicts in Amazon Coverage", "More than 400 Washington Post staffers wrote an open letter to Jeff Bezos calling out his 'shocking' pay practices", "More Than 400 Washington Post Staffers Wrote an Open Letter to Jeff Bezos Calling Out His 'Shocking' Pay Practices", "What Jeff Bezos' intimate-message breach teaches us about digital security", "Jeff Bezos' girlfriend Lauren Sanchez greeted him when he returned from his spaceflight. [201] His net worth surpassed $100billion for the first time on November 24, 2017, after Amazon's share price increased by more than 2.5%. Amazon CEO Jeff Bezos was a smart and enterprising kid, as Brad Stone writes in his 2013 book "The Everything Store." [238][239], In January 2019, Bezos and his wife Mackenzie Scott released a joint statement which revealed that they would be getting divorced after 25 years together. With a net worth of US$128 billion as of February 2023, Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to 2021 according to both Bloomberg's Billionaires Index and Forbes. [32][33] While Jeff was in high school, he worked at McDonald's as a short-order line cook during the breakfast shift. [187] His wealth plummeted even more the following year, dropping 66.6% to $2.0billion. 5 Things Jeff Bezos Does Other Than Work | Entrepreneur [47][48] With Bezos at the helm and Scott taking an integral role in its operationwriting checks, keeping track of the books, and negotiating the company's first freight contractsthe foundation was laid for this garage-run operation to grow exponentially. On July 20, 2021, he flew to space alongside his half-brother,[1] Mark. WebFor the years he did pay federal income taxes between 2006 and 2018, Bezos paid a total of about $1.4 billion on a reported income of $6.5 billion, or a rate of about 21.5%. [191] After the financial crisis and succeeding economic recession, his net worth would decrease to $6.8billiona 17.7% drop. [142] Bezos has been characterized as a notoriously opportunistic CEO who operates with little concern for obstacles and externalities. "[89], In September 2000, Bezos founded Blue Origin, a human spaceflight startup. The company said its content is streamed more than 1.7 billion times a month across all social platforms. [30][31] The family moved to Miami, Florida, where Jeff attended Miami Palmetto High School. He received Germany's 2018 Axel Springer Award for Business Innovation and Social Responsibility. ", "Are you lazy or just incompetent? [151][bettersourceneeded] In May 2014, the International Trade Union Confederation named Bezos the "World's Worst Boss", with its general secretary Sharan Burrow saying: "Jeff Bezos represents the inhumanity of employers who are promoting the North American corporate model",[152] while in 2019, Harvard Business Review, which ranked Bezos the best-performing CEO for 4 years in a row since 2014, did not rank him even in the top 100, citing Amazon's "relatively low ESG (environment, social, and governance) scores" that reflect "risks created by working conditions and employment policies, data security, and antitrust issues. [281][282] Saudi Arabia has denied the claim. [137][138][139], Bezos was seen by some as needlessly quantitative and data-driven. With a net worth of US$128 billion as of February 2023, Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to 2021 according to both Bloomberg's Billionaires Index and Forbes.[5][6]. The Washington Post reported back then that Bezos was interested in buying the Seahawks. [45][246] In 1994, they moved across the country to Seattle, Washington, where Bezos founded Amazon. Data is a real-time snapshot *Data is delayed at least 15 minutes. [113] In January 2016, Bezos set out to reinvent the newspaper as a media and technology company by reconstructing its digital media, mobile platforms, and analytics software. [59][failed verification] In November 2007, Bezos launched the Amazon Kindle. [269] Controversy over this was raised when General James Mattis accepted a headquarters tour invitation from Bezos and co-ordinated the deal through Sally Donnelly, a lobbyist who previously worked for Amazon. Notably, journalist Brad Stone wrote a book that described Bezos as a demanding boss as well as hyper-competitive,[133][140] and opined that Bezos perhaps "bet the biggest on the Internet" than anyone else. [285], In September 2018, Business Insider reported that Bezos was the only one of the top five billionaires in the world who had not signed the Giving Pledge, an initiative created by Bill Gates and Warren Buffett that encourages wealthy people to give away a majority of their wealth. WebForbes estimates that Bezos has donated $2.4 billionless than 2% of his total net worthto charitable causes during his lifetime. The real question, as a league source has framed it for PFT, is whether Bezos has deliberately chosen not to get in, or whether he has been frozen out. Does Jeff Bezos Own a Sports Team? From being spotted at the Super Bowl to sharing drinks with NFL team owners, Jeff Bezos seems to love sports, but does he own his own team? No, Jeff Bezos does not own a sports team. Nonetheless, he certainly has enough money to buy a sports team with the fortune he has accumulated from Amazon. [62][263] Trump has repeatedly attacked Bezos via Twitter, accused Bezos of avoiding corporate taxes, gaining undue political influence, and undermining his presidency by spreading "fake news". [146][147] His physical appearance increased the public's perception of him as a symbolically dominant figure in business and in popular culture, wherein he has been parodied as an enterprising supervillain. Jeff Bezos $3,487 is divided by 47, a fraction. [112] In March 2014, Bezos made his first significant change at The Washington Post and lifted the online paywall for subscribers of a number of U.S. local newspapers in Texas, Hawaii, and Minnesota. Shaw in 1994 and moved to Washington State to start Amazon as an Internet bookstore. Did Brin said in a blog post from 2008 that he [127][128] The engines are currently on display at the Seattle Museum of Flight. Is Jeff Bezos Buying an NFL Team? - Market Realist [203] His wealth's rapid growth from 2016 to 2017 sparked a variety of assessments about how much money Bezos earned on a controlled, reduced time scale. [223][224] According to Forbes, had the Washington state common law applied to their divorce without a prenuptial agreement, Bezos's wealth could have been equitably divided with his ex-wife;[225][226] however, she eventually received 25% of Bezos's Amazon shares, valued at approximately $36billion, making her the third-richest woman in the world. [103] To execute this program, Blue Origin built six of the vehicles to support all phases of testing and operations: no-passenger test flights, flights with test passengers, and commercial-passenger weekly operations. "[81] He later said: "Bezos could play a profound role. Bezos retained his interest in The Washington Post and Blue Origin, as well as voting control of the shares received by his ex-wife. This increase outstripped the economic development (in GDP terms) of more than 96 countries around the world. Jeff Bezos WNBA star Chiney Ogwumike is also an investor. To date, the Brooklyn-based Overtime says it has raised more than $140 million. Jeff Bezos - Bald & Ballin [135] His business practices projected a public image of prudence and parsimony with his own wealth and that of Amazon. Jeff Bezos quit his job at an investment bank in 1994 and moved to Seattle, Washington, to open a virtual bookstore. The company will use a portion of the funds to fuel its basketball league that pays 16-to-18-year old players at least $100,000 per year. The previous record high price of $150 million was paid by Lachlan Murdoch for the Chartwell Mansion.