Like a rocket: the surge in value of Jeff Bezos's space firm shoots him to second place among the world's richest
Article excerpt
Highlighted: the sentence this signal was extracted from
Blue Origin's valuation at USD 140 billion following its latest funding round boosted Jeff Bezos's fortune by USD 87 billion, making him the second-richest person in the world. Bezos's fortune now stands at USD 368.5 billion, according to the Bloomberg Billionaires Index, ahead of Alphabet co-founder Larry Page and trailing only Elon Musk, whose fortune stands at USD 1.02 trillion. Investor enthusiasm for space companies has been the main driver of Bezos's and Musk's fortunes this year. Musk, 55, became a trillionaire following SpaceX's initial public offering in June. Even with a pullback in the company's share price, Musk increased his fortune by USD 405 billion this year. Bezos, 62, established Blue Origin, based in Kent, Washington, in 2000, about two years before Musk founded SpaceX. And while SpaceX long relied on outside investors to fuel its growth, this latest funding round marks the first time Blue Origin has raised external investment capital. Bezos did not immediately respond to a request for comment. Coatue Management is the only new investor identified in the funding round with a contribution of approximately USD 4 billion, according to Pitchbook data. Bezos invested in Coatue funds. Following this funding round, Bezos owns 93% of the company, according to the wealth index, while Musk owns about 35% of SpaceX, excluding options and restricted stock. SpaceX...
Keep reading with a free account
The rest of this article, and every signal for Blue Origin, is in your free account.
