Jeff Bezos, the billionaire entrepreneur and Amazon founder, has decided to make Miami his new home. Bezos, who currently ranks as the world's third-richest person according to the

Bloomberg Billionaire Index, made this announcement via an Instagram video shared on Thursday. The video featured Bezos revisiting his Seattle garage, where he initially founded the multi-billion-dollar tech company in 1994.

In the video, Bezos showcases his humble beginnings, pointing to his desk and even the fax machine, while also mentioning his father behind the camera. The move to Miami is significant, as Bezos has resided in Seattle for an extended period. He expressed mixed emotions about the relocation, stating, "As exciting as the move is, it's an emotional decision for me. Seattle, you will always have a place in my heart."

Why the move to Miami? Bezos disclosed that he is relocating to Miami to be closer to his parents and the Cape Canaveral facilities of Blue Origin, his space exploration company. Blue Origin, based in Washington State, specializes in the development of rockets, rocket engines, and space capsules.

Interestingly, Bezos has a history with Florida. He mentioned, "My parents recently moved back to Miami, the place we lived when I was younger." Furthermore, he humorously noted his high school affiliation with Miami Palmetto High, class of '82, exclaiming, "GO Panthers!"

Bezos and his partner, Lauren Sanchez, have developed an affinity for Miami. The billionaire expressed his love for the city and shared that the couple is delighted about the move. Bezos and Sanchez have been together for over four years, commencing their relationship in 2019 after Bezos separated from his former spouse, author Mackenzie Scott. The former couple shares one son.

As of Thursday, Jeff Bezos held an estimated net worth of $161 billion, as reported by Bloomberg, ranking him third among the world's wealthiest individuals. He is closely trailing Bernard Arnault ($163 billion) and Elon Musk, who leads with a net worth of $208 billion.

Notably, Bezos already owns multiple residences in Miami. In one recent purchase, he acquired a seven-bedroom mansion with 14 bathrooms, situated on 1.84 acres in Indian Creek Village, Miami Beach's prestigious "Billionaire Bunker" neighborhood. In August, it was reported that Bezos secured another waterfront estate in the same neighborhood for $68 million. Photo by Steve Jurvetson, Wikimedia commons.