Jeff Bezos just bought one of the nation’s most venerable newspapers and he got it for a sneeze:
$US250 million in cash.
As Bloomberg News reporter Michael Moore pointed out in a tweet, the purchase price is less than 1% of Bezos’ net worth, according to Bloomberg Billionaires Index.
Bezos is No. 15 on that list of 100 billionaires, worth $US28.2 billion.
Just to give you some idea on how little this is (from a billionaire’s point of view), Bezos spent a smaller percentage of his net worth on the Washington Post than Sean Parker spent on his wedding, tweeted Splitsider’s Adam Frucci.
Parker is worth $US2.1 billion, according to Celebrity Net Worth and spent $US10 million on his wedding. Plus, he was fined another $US2.5 million for building sets for the extravagant wedding in an ecologically sensitive redwood forest without obtaining the proper permission.
Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.