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The history of Jeff Bezos and Donald Trump's relationship

Business Insider

Business Insider · 9m ago

The history of Jeff Bezos and Donald Trump's relationship

Amazon founder, Jeff Bezos, congratulated Donald Trump on his presidential election victory and praised his courage following an assassination attempt in July 2024. While Bezos and Trump have had their differences, they met in 2016 and Bezos described the meeting as productive. Trump has criticized Amazon multiple times, claiming it is damaging to tax-paying retailers and pushing smaller businesses out. In addition, Amazon filed a complaint in 2019 alleging that Trump influenced the Department of Defense's decision to award a contract to Microsoft instead of Amazon Web Services. Trump has also criticized The Washington Post, which Bezos owns.

Related News

Amazon to contribute $1 million to Trump's inauguration fund

Economic Times

Economic Times · 8m ago

Amazon to contribute $1 million to Trump's inauguration fund

Amazon is set to donate $1 million to President-elect Donald Trump's inauguration fund. This move comes as major tech companies aim to improve their rapport with the incoming president. Additionally, Amazon plans to stream Trump's inauguration on its Prime Video service, providing another in-kind donation worth $1 million. The donation from Meta, parent company of Facebook and Instagram, was also confirmed. The company donated $1 million to Trump's inauguration fund. This news follows Trump's announcement that Amazon founder Jeff Bezos will visit him in person. The two had previously clashed, but Bezos has recently expressed optimism about Trump's second term. Meta CEO Mark Zuckerberg has also been seeking to build a better relationship with Trump.

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Livemint

Livemint · 9m ago

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Elon Musk accused Jeff Bezos of advising people to sell their Tesla and SpaceX stock, claiming that Donald Trump would lose the US presidential election. Bezos swiftly denied the allegations, calling them "100% not true." Musk is a vocal Trump supporter and has spent over $130 million supporting his re-election campaign. This exchange highlights the tensions between two of the world's richest individuals and the interplay between politics and business in the tech world. Musk recently became the richest person in history with a net worth of $334.3 billion.

Trump's space budget reflects influence of Elon Musk and SpaceX

Economic Times

Economic Times · 3m ago

Trump's space budget reflects influence of Elon Musk and SpaceX

President Donald Trump's 2026 budget significantly boosts federal spending on space, favoring Elon Musk's SpaceX and potentially benefitting Jeff Bezos' Blue Origin. The plan increases Pentagon funding for a missile defense system and NASA's lunar and Mars missions, aligning with SpaceX's strategies. While boosting SpaceX's opportunities, it also proposes cuts to NASA's current programs involving Boeing and Lockheed Martin, sparking debate over the influence of Musk's ties to the Trump administration.

Jeff Bezos spoke to Trump as he tries to seeks more government contracts for Blue Origin: Report - The Economic Times

Economic Times

Economic Times · 2m ago

Jeff Bezos spoke to Trump as he tries to seeks more government contracts for Blue Origin: Report - The Economic Times

Jeff Bezos, founder of Blue Origin, reportedly spoke with US President Donald Trump twice, aiming to secure more government contracts amid a feud between SpaceX's Elon Musk and Trump, according to the Wall Street Journal. Blue Origin CEO Dave Limp also visited the White House, meeting with Trump's chief of staff. The effort appears to be part of Blue Origin's strategy to capitalize on tensions and increase its stake in government aerospace contracts.

Tech billionaires take center stage at Donald Trump inauguration

Economic Times

Economic Times · 7m ago

Tech billionaires take center stage at Donald Trump inauguration

Tech billionaires Elon Musk, Mark Zuckerberg, and Jeff Bezos, among others, took prominent positions at Donald Trump's inauguration, signaling their significant influence. Despite previously contentious relations, tech giants are now courting Trump, influenced by business interests like government contracts and regulatory leniency. The event highlighted the shifting dynamics between Silicon Valley and the Trump administration. High-profile figures from Meta, Amazon, Apple, and Google attended amid ongoing antitrust challenges and evolving political alliances.

Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump

Business Insider

Business Insider · 9m ago

Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump

Jeff Bezos, the founder of Amazon, saw his net worth reach a record high of $228 billion following the US presidential election. The surge was driven by Amazon's strong earnings report and a boost in the company's stock price. Bezos owns nearly 9% of Amazon's stock, which has risen by over 40% this year. Along with other billionaires, Bezos benefited from the stock market rally after Trump's win, gaining nearly $53 billion collectively. Despite not endorsing a candidate, Bezos congratulated Trump and his company, Blue Origin, has won significant government contracts.

Donald Trump praises Jeff Bezos as Amazon denies plan to display tariff cost

Economic Times

Economic Times · 4m ago

Donald Trump praises Jeff Bezos as Amazon denies plan to display tariff cost

Former President Donald Trump praised Amazon founder Jeff Bezos for halting a plan to disclose US tariffs on price tags. The proposed disclosure had caused tensions with the White House, which sought to defend its tariff policies against price criticism. Trump called Bezos and praised him for resolving the issue quickly. The plan was described by the White House as a political move. Amazon clarified that no tariff disclosures were approved and wouldn't be implemented.

Bezos Says the Post Withheld Endorsement to Avoid Media Bias

Livemint

Livemint · 10m ago

Bezos Says the Post Withheld Endorsement to Avoid Media Bias

Jeff Bezos, founder of Amazon and owner of the Washington Post, has addressed the media industry's credibility gap by stating that most people believe the media is biased. He explained that the Post's decision to stop endorsing presidential candidates was a principled one and not related to a meeting between former President Donald Trump and executives from Bezos' company Blue Origin. The announcement caused controversy with resignations and cancellations, including criticism from reporters Bob Woodward and Carl Bernstein. Bezos emphasized the need for change in the media landscape and vowed to fight against the paper's irrelevance.

OpenAI CEO Sam Altman to donate $1 million to Trump's inaugural fund

The Verge

The Verge · 8m ago

OpenAI CEO Sam Altman to donate $1 million to Trump's inaugural fund

OpenAI CEO Sam Altman is planning to donate $1 million to President-elect Trump's inaugural fund, according to a spokesperson. Altman stated that he supports Trump's efforts to lead America into the age of artificial intelligence (AI). This donation follows similar contributions from Mark Zuckerberg's Meta Platforms and Jeff Bezos' Amazon. Altman emphasized the importance of the US and its allies leading in AI development, particularly in the tech race against China. He also highlighted how AI has national security implications and needs to be used for the defense of American troops.

Donald Trump admin to press ahead with Amazon, Meta antitrust cases

Economic Times

Economic Times · 6m ago

Donald Trump admin to press ahead with Amazon, Meta antitrust cases

The Trump administration will continue its antitrust cases against Amazon and Meta, with Federal Trade Commission Chair Andrew Ferguson affirming ongoing efforts to address Big Tech's market dominance. Despite speculations of a shift due to Trump's ties with tech leaders, such as Meta's Mark Zuckerberg and Amazon's Jeff Bezos, the administration remains committed to robust antitrust enforcement. Moreover, public inquiries into tech platforms' content restrictions are being launched, alongside considerations for reforming Section 230.

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