Jeff Bezos, world's richest man, is about to get even richer
By Megan Cerullo
/ MoneyWatch
The rich keep getting richer. Amazon founder and CEO Jeff Bezos, whose estimated net worth of $157 billion makes him the richest man in the world, is expected to haul in hundreds of millions of dollars from Uber's anticipated initial public offering next week.
The 55-year-old tech entrepreneur was one of the early investors in the ride-hailing app. When Uber goes public, it's expected to be valued at more than $80 billion. Uber said it anticipates that the initial public offering will be priced between $44 and $50 per share.
Bezos invested both personally and through Benchmark, a venture capital firm known for its early-stage funding of Dropbox, Twitter, Snapchat and other successful tech companies, tech website The Information reported. He personally sunk $3 million into Uber for a stake that's now estimated to be worth $400 million, said The Information, citing a person familiar with the matter. Benchmark, which invested $30 million, stands to make roughly $7.9 billion on its early investment.
Trending News
Bezos's wealth was scrutinized earlier this year when he and wife MacKenzie Bezos announced their divorce, which is expected to make her one of the richest women in the world. The bulk of his wealth is tied to his 12 percent stake in Amazon, which is valued at more than $108 billion.
Other big winners from the Uber IPO include ousted founder and CEO Travis Kalanick, who stands to make nearly $9 billion from his 8.6 percent stake — more than any other individual shareholder. Co-founder Garrett Camp owns 6 percent of the company, held by his startup studio Expa-1. Arianna Huffington, who joined Uber's board in April 2016 and later helped rehabilitate the company after Kalanick's departure, owns 22,000 shares.
Matt Cohler is listed as the largest individual shareholder, but only because he's the named director for Benchmark Capital's 11 percent share. The largest shareholder overall is SoftBank (SB Cayman 2), which owns 222,228,000 shares (16.3 percent) of Uber. Saudi Arabia's Public Investment Fund, a government-owned sovereign wealth fund, was also an early investor and owns 72,841,000 shares (5.3 percent.)
First published on May 3, 2019 / 5:44 AM
© 2019 CBS Interactive Inc.. All Rights Reserved.
The challenges Democratic candidates face in 2020
CBS News' Ed O'Keefe spoke with Major Garrett about the 2020 political landscape on this week's episode of "The Takeout" podcast
5M ago
Elizabeth Warren has a plan. Is it enough to propel her candidacy?
While the rest of the field stays vague, the Massachusetts senator wants everyone to know exactly where she stands on just about every issue
6M ago
Jeff Bezos, the richest man in the world is about to get even richer
Amazon founder's stake in Uber could be worth $400 million when the ride-hailing company goes public next week
6M ago
Bernie and Biden: Fighting for Trump voters
Biden and Sanders have a long history, and the two men now sit atop the polls for the Democratic presidential nomination
8M ago
Jay Inslee unveils plan for 100 percent clean energy by 2030
"This has to be the number one priority for the next president of the United States," Inslee told CBS News in an interview
8M ago
The challenges Democratic candidates face in 2020
CBS News' Ed O'Keefe spoke with Major Garrett about the 2020 political landscape on this week's episode of "The Takeout" podcast
5M ago
Elizabeth Warren has a plan. Is it enough to propel her candidacy?
While the rest of the field stays vague, the Massachusetts senator wants everyone to know exactly where she stands on just about every issue
6M ago
Bernie and Biden: Fighting for Trump voters
Biden and Sanders have a long history, and the two men now sit atop the polls for the Democratic presidential nomination
8M ago
Jay Inslee unveils plan for 100 percent clean energy by 2030
"This has to be the number one priority for the next president of the United States," Inslee told CBS News in an interview
8M ago
Barr needs to resign, 2020 Democratic hopeful Seth Moulton says
"If there is one person who should be following the law of the land, it's the Attorney General," Moulton said in an interview with CBSN
5H ago
Cyclone Fani barrels into India's densely populated coast
Tropical cyclones formed over the warm waters of the Bay of Bengal can wreak havoc on the low-lying areas, home to millions, of India's coast
updated 19M ago
"I would much rather be on the side of Guaidó," senior administration official says
In interviews with CBS News, senior administration officials said the White House is emboldened over Guaidó's recent "Operation Freedom" campaign
7H ago
Senate fails to overturn Trump's veto of Yemen resolution
Senate didn't get the two-thirds majority needed to overturn the veto
9H ago
Scientology cruise ship quarantined after measles case
Authorities say the ship is still in port and no one has been allowed to leave after a confirmed case of measles aboard
10H ago
1 dead, 3 missing after raft carrying migrants overturns in Rio Grande
A 10-month-old baby was found dead Thursday, while a 7-year-old boy, another child believed to be around the same age and a man remain missing
11H ago
Blake Lively debuts baby bump
It may have been the premiere of Ryan Reynolds' movie, but Lively — and her bump — stole the show
5H ago
New on Netflix, Hulu and Amazon
Shows and movies you'll want to stream in May
Apr 26 36 photos
James Holzhauer breaks another "Jeopardy!" record
Holzhauer won his 21st game Thursday, placing him behind only Ken Jennings, who won 74 consecutive games in 2004
9H ago
Chewbacca actor Peter Mayhew dies at 74
The actor behind the iconic Chewbacca in the original "Star Wars" trilogy has died
9H ago
Peter Mayhew dies
Peter Mayhew, the actor who played Chewbacca in the "Star Wars" films died this week at his home in Texas. He was 74.
10H ago 00:17
Most e-scooter injuries could be prevented, CDC finds
The CDC recommends wearing a helmet and properly learning to ride an e-scooter before hitting the road
9H ago
Facebook bans Alex Jones, Milo Yiannopoulos over hate speech
"The process for evaluating potential violators is extensive and it is what led us to our decision to remove these accounts today," the company said in a statement
13H ago
Beyond Meat stock more than doubles in first hour of IPO
Vegan meat maker targets Main Street menus with meatless meat that mimics the real dead thing
13H ago
Tesla raises $2.3B after huge first-quarter loss
A week after posting a $700 million loss, the electric car company is moving to raise cash
16H ago
Investors losing appetite for meal-kit pioneer Blue Apron
Company's stock has plunged 89 percent since going public in 2017 amid competition from the likes of Amazon
May 1
Gravity wave detectors spot more black hole mergers
After upgrades, gravitational wave detectors haul in rich bounty of observations
12H ago
SpaceX confirms crew spacecraft destroyed in test mishap
Crew Dragon spacecraft was being prepared for in-flight test of emergency abort system when something went terribly wrong
12H ago
Blue Origin launches rocket with NASA payloads
Company founded by Amazon CEO Jeff Bezos aims to send private citizens and scientists into space
19H ago
States declare war on Styrofoam — "People think it breaks down"
Maine is the first U.S. state to ban polystyrene food containers, which are hard to recycle and often end up in oceans
May 1
How NASA would keep an asteroid from hitting Earth
While unlikely, scientists are preparing for the worst case scenario
Apr 30
Most e-scooter injuries could be prevented, CDC finds
The CDC recommends wearing a helmet and properly learning to ride an e-scooter before hitting the road
9H ago
Scientology cruise ship quarantined after measles case
Authorities say the ship is still in port and no one has been allowed to leave after a confirmed case of measles aboard
10H ago
Beyond Meat stock more than doubles in first hour of IPO
Vegan meat maker targets Main Street menus with meatless meat that mimics the real dead thing
13H ago
"Avengers: Endgame" moviegoers potentially exposed to measles
Health officials say individuals with confirmed cases of measles may have exposed others at an "Avengers: Endgame" screening and a trampoline park
16H ago
Brain scans show promise in spotting suicidal thoughts
Comparing scans of people's brains thinking about the word "death," you get different results in a person who has thought about suicide and one who has not
18H ago
Jeff Bezos, the richest man in the world is about to get even richer
Amazon founder's stake in Uber could be worth $400 million when the ride-hailing company goes public next week
6M ago
Teacher $80,000 in debt after rejection from loan forgiveness program
Debbie Baker said her loan provider told her she was on track for forgiveness, but was rejected when she applied
7H ago
Is this record-setting stock market setting up investors for a fall?
If you're worried that stock prices can't get much higher, you might want to review this list of market indicators
Apr 30
How families can tackle student loan debt
The discussion about debt should take place long before the college application process begins
11H ago
The rise of female gun ownership and fashionable "carrywear"
Alexo Athletica designed a pair of Lulelemon-like leggings with pockets for guns — and women gun owners took notice
Apr 26
Georgia executes man who killed ex-girlfriend, 2nd woman in 1994
Ex's 5-year-old son saw Scotty Morrow shoot boy's mother to death; lawyers said Morrow was repeatedly raped, beaten when he was young
15M ago
Man who plead guilty to foiled bomb plot likely to go free
Federal sentencing guidlines had called for Najibullah Zazi to be sentenced to life in prison, but prosecutors on Wednesday credited Zazi for his "extraordinary" assistance to authorities
10H ago
Man who plotted bombing sentenced
A man who was arrested nearly a decade ago for planning to bomb New York City subways was sentenced to 10 years in prison, time already served. He will soon be released into the witness protection system.
10H ago 00:19
Rapper Offset accused of damaging a fan's iPhone
The rapper, whose real name is Kiari Cephus, faces a second-degree charge of criminal damage to property
9H ago
Cop indicted in black man's shooting death during traffic stop
O'Shae Terry was driving away from a traffic stop when Arlington officer Bau Tran fired repeatedly into his car
13H ago
SpaceX confirms crew spacecraft destroyed in test mishap
Crew Dragon spacecraft was being prepared for in-flight test of emergency abort system when something went terribly wrong
12H ago
Blue Origin launches rocket with NASA payloads
Company founded by Amazon CEO Jeff Bezos aims to send private citizens and scientists into space
19H ago
SpaceX launch delayed by space station glitch
Faulty electronics box on the space station will be replaced using the lab's robot arm
Apr 30
NASA troubleshoots space station power glitch
Upcoming SpaceX cargo launch could be delayed if space station power glitch isn't quickly resolved
Apr 29
NASA just detected the first "marsquake"
For the first time since its mission began, NASA's InSight lander has detected what scientists believe to be a marsquake
Apr 23
Worst movie sequels since 2000, ranked
These are the lowest-rated sequels this century, according to Metacritic's rankings
Apr 30 51 photos
Private secrets shared via postcard
Since 2004, hundreds of thousands of anonymous contributors with something to get off their chest have sent postcards to the website PostSecret.com
Apr 28 32 photos
Met Gala 2019: Craziest looks of all time
The bigger the tiara – or pope hat – the better! (Just ask Rihanna, Katy Perry or Sarah Jessica Parker… )
Apr 26 47 photos
New on Netflix, Hulu and Amazon
Shows and movies you'll want to stream soon
Apr 26 36 photos
Jason Corbett murder: A look at the evidence
In August 2015, former FBI agent Tom Martens and his daughter Molly Corbett admitted killing her Irish-born husband Jason Corbett, insisting they beat him in self-defense with a brick paver and a baseball bat because Jason was choking Molly and threatening to kill her
Apr 20 11 photos
Popular
Trump 2020 press secretary joins "Red and Blue"
Kayleigh McEnany, President Trump's 2020 campaign national press secretary, joins "Red and Blue" to discuss the Democratic field of challengers.
6H ago 09:00
5/2/19: Red and Blue
Barr refuses to testify before House committee; Remembering Nelson Mandela's 1994 victory
8H ago 01:15:55
Rep. Seth Moulton: We need to take on Trump
2020 Democratic presidential candidate Rep. Seth Moulton of Massachusetts joined CBSN to discuss his calls for Attorney General William Barr to resign, and how he is working to differentiate himself in a crowded Democratic primary field.
6H ago 13:39
Federal loan forgiveness program has 99 percent rejection rate
In the final installment of the "Life & Debt," CBS News national correspondent Mark Strassmann joined CBSN's Elaine Quijano to disucss the federal student loan forgiveness program.
7H ago 06:22
India braces for cyclone Fani
Nearly 800,000 people in eastern India have been evacuated from the expected path of a major cyclone packing winds up to 125 miles per hour and torrential rains, officials said Thursday. The Indian weather service said Extremely Severe Cyclonic Storm Fani was expected to make landfall Friday afternoon. CBS News contributing meteorologist Jeff Berardelli joins CBSN's Elaine Quijano with the latest.
9H ago 04:46