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Home»Finance»Bezos Sells $2 Billion of Amazon Shares in First Major Stock Sale Since 2021
Finance

Bezos Sells $2 Billion of Amazon Shares in First Major Stock Sale Since 2021

February 10, 2024No Comments1 Min Read
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Bezos Sells $2 Billion of Amazon Shares in First Major Stock Sale Since 2021
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(Bloomberg) — Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the primary time the billionaire has offered the corporate’s inventory since 2021.

Most Learn from Bloomberg

The gross sales happened on Wednesday and Thursday and netted simply over $2 billion, based on a submitting.

Amazon disclosed on Feb. 2 that Bezos plans to promote as many as 50 million shares of Amazon over the subsequent 12 months, doubtlessly cashing in on a inventory surge that’s put him inside attain of changing into the world’s richest particular person. His fortune has climbed $22.6 billion this 12 months to $199.5 billion as of Friday, based on the Bloomberg Billionaires Index.

The Amazon founder has offered over $30 billion in shares since information going again to 2002, together with about $20 billion mixed in 2020 and 2021. He has primarily been gifting inventory, together with shares price roughly $230 million that got to nonprofit organizations in November.

Amazon, via a spokesperson, declined to remark.

–With help from Spencer Soper.

Most Learn from Bloomberg Businessweek

©2024 Bloomberg L.P.

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