Jeff Bezos Sells $2 Billion Worth of Amazon Shares in First Sale Since 2021
This week, Jeff Bezos, the founder of Amazon.com Inc., made headlines as he sold 12 million shares of the company’s stock, marking his first sale since 2021. The move reportedly raked in slightly over $2 billion, as confirmed by a recent filing.
Bezos had previously announced his intention to sell as many as 50 million shares of Amazon over the course of the next year, taking advantage of the company’s recent stock surge. This surge has positioned Bezos to potentially become the wealthiest person globally, with his current net worth standing at a staggering $199.5 billion, according to the Bloomberg Billionaires Index.
Over the past two decades, Bezos has already sold more than $30 billion worth of Amazon shares. In 2020 and 2021 alone, the magnate unloaded approximately $20 billion. Additionally, he has demonstrated his philanthropic side by generously gifting stock shares valued at approximately $230 million to various nonprofit organizations back in November.
Although Amazon has yet to comment on the recent stock sales, the news has garnered attention, given Bezos’ significant stake in the company. As one of the world’s most influential and prosperous individuals, Bezos’ actions continue to captivate both investors and the media alike.
Analyst comment
Neutral news. Analyst: The market may experience slight volatility as investors react to Jeff Bezos’s sale of Amazon shares. However, the overall impact is likely to be limited as Bezos has previously sold significant amounts of stock and the company’s fundamentals remain strong.
