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 […]