Why Billionaires Like Jeff Bezos Invest Millions In Contemporary Art
Portfolio Pulse from Stephen Kurtzahn
The article discusses the trend of billionaires investing in contemporary art, highlighting Jeff Bezos and Robert Soros as examples. It mentions that contemporary art prices have outpaced the S&P 500 by nearly three times from 1995 to 2020, making it an attractive investment for the super-wealthy. The article also mentions new startups that allow average investors to purchase shares of fine art.
August 18, 2023 | 6:38 pm
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Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:AMZN), is highlighted as a notable investor in contemporary art. This reflects his personal wealth and investment strategy, but does not directly impact Amazon's stock.
While the article mentions Jeff Bezos' investment in art, it does not provide any information that would directly impact Amazon's stock price. Bezos' personal investment decisions are separate from the company's financial performance and strategy.
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