logo
The best that Bezos' money can buy: The billionaire's Venice wedding to Lauren Sánchez causes a stir

The best that Bezos' money can buy: The billionaire's Venice wedding to Lauren Sánchez causes a stir

VENICE, Italy (AP) — The sky itself is no limit for billionaire Jeff Bezos and fiancée Lauren Sánchez, who have traveled into space — and expectations are just about as high for their wedding in Venice.
One of the world's most enchanting cities as backdrop? Check.
Star-studded guestlist and tabloid buzz? Of course.
Local flavor? You bet.
Beyond that, the team of the world's fourth-richest man has kept details under wraps. Still, whispers point to events spread across the Italian lagoon city, adding complexity to what would have been a massive logistical undertaking even on dry land.
Dozens of private jets touched down at Venice's airport, and yachts pulled into the city's famed waterways. Aboard were athletes, celebrities, influencers and business leaders, converging to revel in extravagance that is as much a testament to the couple's love as to their extraordinary wealth.
The heady hoopla recalled the 2014 wedding in Venice of actor George Clooney to human rights lawyer Amal Alamuddin, when adoring crowds lined the canals and hundreds of well-wishers gathered outside City Hall.
Still, any desire to dampen the prevailing fever pitch has yet to materialize. Instead, the glitterati were set to party, and the paparazzi jostling for glimpses of the gilded gala.
Whatever happens, it will be a wedding for the ages.
Logistics and costs
Venice is famed for its network of canals, where gondoliers croon for lovestruck couples and even ambulances are aquatic. But water transport of everything from bouquets to guests makes Venice among the world's most challenging cities for a party, according to Jack Ezon, CEO of luxury travel advisory and event planner Embark Beyond.
'It's a very tight-knit community; everyone there knows everyone, and you need to work with the right people,' said Ezon, whose company has put on a dozen high-end events in Venice. "There's very tight control, especially on movement there with boats.'
It at least triples the cost versus staging the same soiree in Rome or Florence, he said.
Veneto Gov. Luca Zaia was first to give an estimated tally for the Bezos/Sánchez bash: He told reporters this week the most recent total he saw was between 40 million and 48 million euros (up to $56 million).
It's an eye-popping, jaw-dropping figure that's over 1,000 times the $36,000 average cost of American couples' weddings in 2025, according to wedding planning website Zola's annual report.
Bezos' team has been tight-lipped about where these millions are going. When the youngest son of Asia's richest man married last July, performances by pop stars Rihanna and Justin Bieber pushed up the price tag.
'How do you spend $40 million on a three- or four-day event?' Ezon said. 'You could bring headliners, A-list performers, great DJs from anywhere in the world. You could spend $2 million on an incredible glass tent that's only there for 10 hours, but it takes a month to build," or expand the celebration to local landmarks.
There's no sign Sánchez and Bezos, the former CEO of Amazon, intend to take over any of Venice's tourist-thronged hotspots. Still, intense hand-wringing about the prospect prompted their wedding coordinator, Lanza & Baucina, to issue a rare statement calling those rumors false.
On Thursday, a string of water taxis cut through the lagoon to bring Bezos, Sánchez and guests to the Madonna dell'Orto cloister as some onlookers cheered. Paparazzi followed in their own boats, trying to capture guests on camera — Oprah Winfrey, Kim Kardashian, Ivanka Trump, Tom Brady, Orlando Bloom — as police on jet skis patrolled.
On Friday afternoon, Sánchez emerged from her hotel wearing a silk scarf on her head and blew a kiss to journalists before stepping into her water taxi. It carried her through the canals to San Giorgio island, across the lagoon basin from St. Mark's Square, where the couple is expected to hold a ceremony later in the day. Associated Press journalists circling the island earlier saw private security personnel stationed at every landing point, including its newly installed dock.
Local media have also reported a reception Saturday in the Arsenale, a former navy base best known as a primary venue for the Venice Biennale.
'No Space'
There are some who say these two should not be wed in this city.
They characterize the wedding as a decadent display of wealth in a world with growing inequality, and argue it's a shining example of tourism taking precedence over residents' needs, particularly affordable housing and essential services. Venice is also one of the cities most vulnerable to rising sea levels from climate change.
'Venice is not just a pretty picture, a pretty postcard to please the needs and wants of the elite or of mass tourists, but it is an alive city, made of people who want to actually live there," Stella Faye, a university researcher from Venice, said on Friday.
About a dozen Venetian organizations — including housing advocates, anti-cruise ship campaigners and university groups — are protesting under the banner 'No Space for Bezos,' a play on words referring to his space exploration company Blue Origin and the bride's recent space flight.
Greenpeace unfurled a banner in St. Mark's Square denouncing Bezos for paying insufficient taxes. Activists floated a bald-headed Bezos-inspired mannequin down Venice's Grand Canal atop an Amazon delivery box, its hands clenching fake cash.
Authorities — from Venice's mayor to the nation's tourism minister — have dismissed the outcry, saying it ignores the visibility and economic boost the wedding brings.
'There will be photos everywhere, social media will go wild over the bride's dress, over the ceremony,' Italy's tourism minister, Daniela Santanchè, told the AP.
'All of this translates into a massive free publicity campaign. In fact, because they will spend a lot of money, they will enrich Venice — our shopkeepers, artisans, restauranteurs, hotels. So it's a great opportunity both for spending and for promoting Italy in the world.'
Philanthropy
As Amazon's CEO, Bezos usually avoided the limelight, frequently delegating announcements and business updates to his executives. Today he has a net worth of $231 billion, according to Forbes.
In 2019, he announced he was divorcing his first wife, MacKenzie Scott, just before the National Enquirer published a story about an affair with Sánchez, a former TV news anchor. Sánchez filed for divorce the day after Bezos' divorce was finalized.
He stepped down as CEO in 2021, saying he wished to spend more time on side projects, including Blue Origin, The Washington Post, which he owns, and his philanthropic initiatives.
Sitting beside Sánchez during an interview with CNN in 2022, he announced plans to give away the majority of his wealth during his lifetime.
Last week, a Venetian environmental research association issued a statement saying Bezos' Earth Fund was supporting its work with an 'important donation.' CORILA, which seeks protection of the Venetian lagoon system, said contact began in April, well before any protests.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit
Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit

Hamilton Spectator

time15 minutes ago

  • Hamilton Spectator

Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit

ROME (AP) — Pope Leo XIV on Sunday celebrated a special feast day traditionally used by the Catholic Church to drum up donations from the faithful, with the Vatican under the first American pope rolling out a new campaign to urge ordinary Catholics to help bail out the deficit-ridden Holy See. Leo celebrated Mass in St. Peter's Basilica, marking the Feast of Saints Peter and Paul and repeated his message calling for unity and communion among all Christians. In churches around the world, Masses on the July 29 feast day often include a special collection for Peter's Pence , a fund which both underwrites the operations of the central government of the Catholic Church and pays for the pope's personal acts of charity. With a promotional video, poster, QR code and website soliciting donations via credit card, PayPal, bank transfer and post office transfer, the Vatican is betting this year that an American-style fundraising pitch under the Chicago-born Leo will help keep the Holy See bureaucracy afloat and erase its 50 million to 60 million euro ($57-68 million) structural deficit. The video features footage of Leo's emotional first moments as pope, when he stepped out onto the loggia of St. Peter's Basilica and later choked up as he received the fisherman's ring of the papacy. With an evocative soundtrack in the background, the video superimposes a message, available in several languages, urging donations to Leo via the Peter's Pence collection. 'With your donation to Peter's Pence, you support the steps of the Holy Father,' it says. 'Help him proclaim the Gospel to the world and extend a hand to our brothers and sisters in need. Support the steps of Pope Leo XIV. Donate to Peter's Pence.' The fund has been the source of scandal in recent years, amid revelations that the Vatican's secretariat of state mismanaged its holdings through bad investments, incompetent management and waste. The recent trial over the Vatican's bungled investment in a London property confirmed that the vast majority of Peter's Pence contributions had funded the Holy See's budgetary shortfalls, not papal charity initiatives as many parishioners had been led to believe. Between the revelations and the COVID-19 pandemic, which closed churches and canceled out the traditional pass-the-basket collection on June 29, Peter's Pence donations fell to 43.5 million euros in 2022 — a low not seen since 1986 — that was nevertheless offset the same year by other investment income and revenue to the fund. Donations rose to 48.4 million euros (about $56.7 million) in 2023 and hit 54.3 million euros (nearly $63.6 million) last year, according to the Peter's Pence annual report issued last week. But the fund incurred expenses of 75.4 million euros ($88.3 million) in 2024, continuing the trend in which the fund is exhausting itself as it covers the Holy See's budgetary shortfalls. On top of the budget deficit, the Vatican is also facing a 1 billion euro (about $1.17 billion) shortfall in its pension fund that Pope Francis, in the months before he died, warned was unable in the medium term to fulfill its obligations. Unlike countries, the Holy See doesn't issue bonds or impose income tax on its residents to run its operations, relying instead on donations, investments and revenue generated by the Vatican Museums, and sales of stamps, coins, publications and other initiatives. For years, the United States has been the greatest source of donations to Peter's Pence, with U.S. Catholics contributing around a quarter of the total each year. Vatican officials are hoping that under Leo's pontificate, with new financial controls in place and an American math major running the Holy See, donors will be reassured that their money won't be misspent or mismanaged. 'This is a concrete way to support the Holy Father in his mission of service to the universal Church,' the Vatican's economy ministry said in a press release last week announcing the annual collection and new promotional materials surrounding it. 'Peter's Pence is a gesture of communion and participation in the Pope's mission to proclaim the Gospel, promote peace, and spread Christian charity.' ___ Associated Press religion coverage receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .

Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit
Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit

San Francisco Chronicle​

time22 minutes ago

  • San Francisco Chronicle​

Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit

ROME (AP) — Pope Leo XIV on Sunday celebrated a special feast day traditionally used by the Catholic Church to drum up donations from the faithful, with the Vatican under the first American pope rolling out a new campaign to urge ordinary Catholics to help bail out the deficit-ridden Holy See. Leo celebrated Mass in St. Peter's Basilica, marking the Feast of Saints Peter and Paul and repeated his message calling for unity and communion among all Christians. In churches around the world, Masses on the July 29 feast day often include a special collection for Peter's Pence, a fund which both underwrites the operations of the central government of the Catholic Church and pays for the pope's personal acts of charity. With a promotional video, poster, QR code and website soliciting donations via credit card, PayPal, bank transfer and post office transfer, the Vatican is betting this year that an American-style fundraising pitch under the Chicago-born Leo will help keep the Holy See bureaucracy afloat and erase its 50 million to 60 million euro ($57-68 million) structural deficit. The video features footage of Leo's emotional first moments as pope, when he stepped out onto the loggia of St. Peter's Basilica and later choked up as he received the fisherman's ring of the papacy. With an evocative soundtrack in the background, the video superimposes a message, available in several languages, urging donations to Leo via the Peter's Pence collection. 'With your donation to Peter's Pence, you support the steps of the Holy Father,' it says. 'Help him proclaim the Gospel to the world and extend a hand to our brothers and sisters in need. Support the steps of Pope Leo XIV. Donate to Peter's Pence.' The fund has been the source of scandal in recent years, amid revelations that the Vatican's secretariat of state mismanaged its holdings through bad investments, incompetent management and waste. The recent trial over the Vatican's bungled investment in a London property confirmed that the vast majority of Peter's Pence contributions had funded the Holy See's budgetary shortfalls, not papal charity initiatives as many parishioners had been led to believe. Between the revelations and the COVID-19 pandemic, which closed churches and canceled out the traditional pass-the-basket collection on June 29, Peter's Pence donations fell to 43.5 million euros in 2022 — a low not seen since 1986 — that was nevertheless offset the same year by other investment income and revenue to the fund. Donations rose to 48.4 million euros (about $56.7 million) in 2023 and hit 54.3 million euros (nearly $63.6 million) last year, according to the Peter's Pence annual report issued last week. But the fund incurred expenses of 75.4 million euros ($88.3 million) in 2024, continuing the trend in which the fund is exhausting itself as it covers the Holy See's budgetary shortfalls. On top of the budget deficit, the Vatican is also facing a 1 billion euro (about $1.17 billion) shortfall in its pension fund that Pope Francis, in the months before he died, warned was unable in the medium term to fulfill its obligations. Unlike countries, the Holy See doesn't issue bonds or impose income tax on its residents to run its operations, relying instead on donations, investments and revenue generated by the Vatican Museums, and sales of stamps, coins, publications and other initiatives. For years, the United States has been the greatest source of donations to Peter's Pence, with U.S. Catholics contributing around a quarter of the total each year. Vatican officials are hoping that under Leo's pontificate, with new financial controls in place and an American math major running the Holy See, donors will be reassured that their money won't be misspent or mismanaged. 'This is a concrete way to support the Holy Father in his mission of service to the universal Church,' the Vatican's economy ministry said in a press release last week announcing the annual collection and new promotional materials surrounding it. 'Peter's Pence is a gesture of communion and participation in the Pope's mission to proclaim the Gospel, promote peace, and spread Christian charity.' ___

The CEO building the 'Ikea of factories' wants to democratize semiconductor production
The CEO building the 'Ikea of factories' wants to democratize semiconductor production

Business Insider

timean hour ago

  • Business Insider

The CEO building the 'Ikea of factories' wants to democratize semiconductor production

In his 1986 book "Engines of Creation," engineer K. Eric Drexler — often called the godfather of nanotechnology — made a prediction. "The coming era of molecular machines will mean the end of many limits: the limit of scarcity, the limit of slow development, the limit of ignorance enforced by the lack of tools," he wrote. Reading those words a few years later, when he was 16, Matthew Putman started thinking. "Our bodies work as these little micro-machines where you have ribosomes and enzymes and things that are working and replicating and making things all the time, but our factories work the way that they've worked for the last hundred years," Putman told Business Insider he thought at the time. He wondered how a world would look "where you don't have large assembly lines, you don't have smokestacks, you instead just make things so perfectly," he said. Putman became fascinated by the possibilities of machines that are "atomically precise." It wasn't until the recent AI boom, however, that the idea really took off with fabrication plants. Putman, now 50, is the CEO of Brooklyn-based Nanotronics, which he cofounded with his father in 2010. The company started out building microscopes and tools to detect defects in semiconductors, among other materials. Now, it builds small, modular semiconductor manufacturing plants called Cubefabs. While the biggest fabs in the country are often millions of square feet in size, Cubefabs measure anywhere from 25,000 square feet for the smallest units up to about 60,000 square feet for a full-sized fab. They're adaptable, and the company says they can be assembled in under a year in most places on Earth. They're also smart — thanks to the power of AI — so they can self-monitor their production and improve in real time, the company said. And they're relatively cheap, costing a minimum of $30 to $40 million, compared to large fabs that can cost billions to build. With President Donald Trump back in the White House and pledging to reinvigorate US manufacturing, a new opening has emerged for Nanotronics — even as sweeping tariffs challenge companies that produce or depend on semiconductors. Putman says that in the long term, the tariffs will bolster domestic innovation. Tariffs "should be a wake-up call — a push to create something better than what either the US or China has done before," he told BI in a video interview from the Nanotronics headquarters in Brooklyn Navy Yard. "If we get this right, American innovation won't just protect our future — it could help redefine global progress in a way that benefits humanity." Putman says compact, modular factories are exactly that. "Your factory should be incredibly small," Putman said, gesturing to the room behind him. "Eventually, it could be the size of this room." The 'Ikea of factories' Semiconductor manufacturing has surged since the launch of ChatGPT. Global annual revenue for the industry is expected to reach more than $1 trillion by 2030, according to McKinsey & Company. In the US, despite legislation subsidizing domestic semiconductor production, fabs are more expensive to construct and maintain than those built in places like mainland China and Taiwan, McKinsey says. The US also suffers from a shortage of qualified labor, which can delay construction timelines, according to the firm. To attempt to solve some of these issues, Nanotronics teamed up with architecture firm Rogers Partners and engineering firm Arup to design compact factories. Each one runs with 37 people, but Putman says the ideal setup is four factories — about 180 workers total — which allows them to scale up without halting production. "It's like the Ikea of factories," Putman said. The company has raised $182 million to date from firms including Peter Thiel's Founders Fund. Cubefabs can be used to produce chips that span a range of uses across electronics applications, electric vehicles, and photodetectors for cube satellites, Putman said. "The more precise we make things, the more abundance we bring to the world," he said. "The business of making things grow bigger and bigger starts small — molecular small." Building on the foundational research of scientist Philippe Bove — now chief scientist at Nanotronics — the company also uses gallium oxide — a type of semiconductor that can handle more power than traditional materials like silicon — to produce advanced chips. The company plans to have its first installation set up in New York within the next 18 months. "These fabs do not require billions in capital expenditure or large populations of highly trained workers," Putman told BI in a follow-up email. "The vision is that any region — whether in the Global South or the United States — should be able to produce what it needs locally."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store