Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Feb 10, 2024

Bezos Sells $2 Billion Of Amazon Shares In First Major Stock Sale Since 2021

Bezos Sells $2 Billion Of Amazon Shares In First Major Stock Sale Since 2021
Amazon CEO Jeff Bezos (Photographer: Andrew Harrer/Bloomberg)

Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company's stock since 2021.

The sales took place on Wednesday and Thursday and netted just over $2 billion, according to a filing.  

Amazon disclosed on Feb. 2 that Bezos plans to sell as many as 50 million shares of Amazon over the next 12 months, potentially cashing in on a stock surge that's put him within reach of becoming the world's richest person. His fortune has climbed $22.6 billion this year to $199.5 billion as of Friday, according to the Bloomberg Billionaires Index. 

The Amazon founder has sold over $30 billion in shares since records going back to 2002, including about $20 billion combined in 2020 and 2021. He has primarily been gifting stock, including shares worth roughly $230 million that were given to nonprofit organizations in November.

Amazon, through a spokesperson, declined to comment.

--With assistance from Spencer Soper.

More stories like this are available on bloomberg.com

©2024 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search