What is Mark Bezos' net worth? Jeff Bezos' younger brother sold NY home for $11M
While Jeff Bezos is almost a household name thanks to his net worth, very little is known about the billionaire's younger brother Mark Bezos
Jeff Bezos and his younger brother Mark are heading to space on July 20. The Amazon founder announced on Monday, June 7 that he and his brother will be on the first human flight of the New Shepard spacecraft built by Blue Origin. The Bezos-owned space exploration company is currently auctioning one of six seats on the flight, which will reportedly last 11 minutes and fly 62 miles above sea level, according to Business Insider.
Taking to Instagram, Bezos said in a video post that he has wanted to go to space for the longest time and so he asked his brother to come along to fulfill his lifelong dream "because we're closest friends." But while Jeff Bezos is almost a household name thanks to his net worth, very little is known about the billionaire's younger brother. Many are unaware that Mark Bezos has forged a successful career on his own despite being the brother of the world's richest man.
Mark Bezos’ career
After spending his early working years at various advertising firms, Mark Bezos went on to co-found his own agency, Bezos-Nathanson, which developed campaigns for elite labels such as Dom Perignon and Ramada Hotels.
The firm was sold in 2006, and the younger Bezos subsequently spent a decade working for the Robin Hood Foundation, which partners with over 250 non-profit organizations in its mission “to elevate New Yorkers out of poverty.” According to financial records, however, Mark Bezos earned a six-figure salary during his time at Robin Hood. He reportedly made about $140,000 per year in 2013 and 2014, then $240,000 in 2015–2016.
Mark Bezos currently runs HighPost Capital, a private equity firm owned by the Bezos family. He has previously served as a volunteer firefighter and is also a director at the Bezos Family Foundation.
Mark Bezos' net worth
While it's difficult to note the younger Bezos' exact net worth, he likely pulled in over $1 million in his tenure with Robin Hood, per Market Realist. He reportedly invested $10 million in NBTV in April 2021, per Crunchbase. Mark Bezos reportedly sold his Scarsdale, New York home for $11 million in the spring of 2020. The lavish property had more than 10,000 square feet of main living space and a 3,500 square foot guest house, according to Market Realist.
Siblings launch into space
Jeff Bezos recently announced that he and his brother Mark will be heading to space in the maiden human flight of Blue Origin's New Shepard suborbital rocket system.
The top bid in the aforementioned auction to determine the winner of the additional seat alongside the Bezos brothers was a whopping $2.8 million as of June 8. More than 6,000 bidders from 143 countries have participated so far in the online auction, which will conclude on June 12. The proceeds will go to Club for the Future, Blue Origin's foundation meant to “inspire future generations to pursue careers in STEM."
That said, the flight of the billionaire siblings and the auction winner is slated to take place on the 52nd anniversary of the Apollo moon landing.