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Home Trading News Stock Market

Jackie Bezos, Who Funded Her Son Jeff’s Startup, Dies at 78

August 15, 2025
in Stock Market
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Jackie Bezos, Who Funded Her Son Jeff’s Startup, Dies at 78
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(Bloomberg) — Jackie Bezos, a fierce protector of her son Jeff earlier than he based Amazon.com Inc. and a deep-pocketed advocate for early childhood schooling, has died. She was 78.

Bezos died at her dwelling in Miami on Thursday, in response to the Bezos Household Basis’s web site. In a tribute on social media, Jeff Bezos wrote that his mom handed away “surrounded by so many people who liked her,” saying her dying adopted “a protracted struggle with Lewy physique dementia.”

Along with her husband, Miguel, Bezos was the primary to put money into Amazon. Their two checks, totaling $245,573 in 1995, backed the startup that Jeff Bezos warned would in all probability fail. It didn’t, in fact, and the funding – together with subsequent purchases of Amazon shares – netted them a fortune estimated to be as massive as $30 billion in 2018.

Beginning in 2000 — many years earlier than their son or his firm launched their very own philanthropic endeavors — the couple funded instructional packages by the Bezos Household Basis. For years, it was the highest-profile charity gifting away a slice of the fortunes created by the e-commerce large.

“On the core of the inspiration’s work is Jackie’s perception that rigorous, impressed studying — within the classroom and in youngsters’s tons of of day by day interactions with adults — will enable college students from beginning to highschool to place their schooling into motion,” the group says on its web site.

It says her “imaginative and prescient” is behind two in-house packages — Vroom, which disseminates parenting suggestions through an app and different strategies, and the Bezos Students Program, which chooses 17 younger People and Africans to be skilled in a management growth program every year.

The muse has backed tons of of different organizations, primarily targeted on youngsters and younger adults. It made its greatest single present in August 2024 — $185.7 million to the Aspen Institute to underwrite a brand new heart targeted on younger folks.

Jacklyn Marie Gise was born in Virginia on Dec. 29, 1946. She grew up in New Mexico, the place her father, Lawrence Preston Gise, was a senior official on the US Atomic Power Fee, the company that then oversaw US nuclear laboratories.

Throughout her sophomore 12 months in highschool in Albuquerque, she grew to become pregnant by Theodore Jorgensen, a senior. They married in 1963 and their son, Jeffrey Preston Jorgensen, was born the next January. Jacklyn, often known as Jackie, moved again in together with her dad and mom and filed for divorce from Jorgensen when their son was 17 months previous.

Jorgensen, a unicycle polo participant who would later run a bicycle store, acknowledged that he wasn’t a very good father or husband. “It was actually all my fault,” he informed Bloomberg Businessweek editor Brad Stone for his e book, The All the things Retailer. (2013). “I don’t blame Jackie in any respect.” Jorgensen died in 2015.

Newly single, Jackie accomplished highschool on circumstances imposed by directors: that she not communicate to classmates, loiter on campus or attend commencement. She later enrolled in neighborhood school, searching for out professors who would allow her to deliver a toddler to class.

It was round this time, whereas working within the Financial institution of New Mexico’s bookkeeping division, that she met Miguel Bezos, often known as Mike, a Cuban-born school scholar who was an evening teller on the financial institution. He had arrived within the US at age 16, a refugee among the many 1000’s of different youngsters despatched to dwell within the US after Fidel Castro’s revolution. Based on Stone’s e book, Jackie turned him down a number of occasions earlier than lastly agreeing to go on a date, to see The Sound of Music.

The 2 married in April 1968 and moved to Texas, the place Mike took a job as a petroleum engineer with what grew to become Exxon Corp. That they had two youngsters: Christina, in 1969, and Mark, in 1970.

Jeff, who had no relationship together with his organic father, was adopted by Miguel and took the Bezos surname. 

Jackie “ran a family steeped in board video games, science initiatives and storytelling,” Mark Leibovich wrote in The New Imperialists (2002), his e book profiling Jeff Bezos and different enterprise titans of the twenty first century. 

Jackie was a “foremost protector and all-purpose assist system” for Jeff, Leibovich wrote.

In a single instance, Jackie received Jeff — a curious youngster who at age 3 took aside the partitions of his crib so he may sleep in a mattress — right into a pilot program for presented college students at a Houston elementary faculty. She did the identical when the household later moved to Pensacola, Florida.

“You don’t simply go away,” she informed Leibovich. “You don’t go gently. You simply hold attempting to persuade folks.” 

She indulged Jeff’s passions, commonly ferrying him to Radio Shack so he may tinker with do-it-yourself electronics.  

Mike Bezos climbed the ladder at Exxon, shifting the household to Miami, the place Jeff graduated from highschool. Mike’s later work despatched him and Jackie to Norway and Colombia.

Throughout a stint in New Jersey, Jackie, then 40 years previous, earned a level from the Faculty of Saint Elizabeth (now Saint Elizabeth College) in Morris Township.

After Jeff gave up his New York hedge fund job to discovered Amazon close to Seattle, his dad and mom put a lot of their nest egg into the corporate — a call they’d later say was a wager on their son quite than the prospects of an web bookseller. When Amazon grew to become a Wall Road darling after its 1997 preliminary public providing, Jackie visited newsstands to search out tales about her son, then left the journal open to that web page, Leibovich wrote.  

In 2000, Jackie and Mike, who by then had retired from Exxon, moved to the Seattle space to be nearer to Jeff’s rising household.

In Seattle, Jackie Bezos wrote occasional opinion items within the native newspaper, advocating for early childhood schooling. She and Mike donated in assist of an finally profitable voter initiative that established state constitution faculties in Washington and in opposition to a proposal to implement an earnings tax within the state. Voters rejected the tax.  

The couple have been frequent donors to Seattle’s Fred Hutchinson Most cancers Heart, together with a $710 million present in 2022 made exterior of the inspiration.  

They stored houses in Colorado and Texas and lately spent a lot of their time residing in Miami.

Extra tales like this can be found on bloomberg.com



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