Jeff Bezos Sells $2 Billion in Amazon Shares – Largest Offload Yet!

Jeff Bezos, the billionaire founder of Amazon, has made headlines by selling off $2 billion worth of the company’s shares this week. This marks his first sale of Amazon stock since 2021, with the transactions taking place on Wednesday and Thursday, according to recent stock market filings.

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Jeff Bezos, the founder of Amazon, has made headlines by selling $12 million worth of the company’s shares this week. This marks his first sale of Amazon stock since 2021 and has resulted in net earnings of just over $2 billion. The sales occurred on Wednesday and Thursday, according to recent stock market filings. This move comes after Amazon disclosed on February 2nd that Bezos plans to sell up to 50 million shares over the next year, potentially capitalizing on a stock surge that could propel him to become the world’s richest person. Bezos’ fortune has surged by $22.6 billion this year alone, reaching $199.5 billion as of Friday, according to the Bloomberg Billionaires Index.

Jeff Bezos, the renowned founder of Amazon, has made headlines by selling $12 million worth of Amazon shares this week, a move that signifies his first stock sale since 2021. The transactions, which occurred on Wednesday and Thursday, resulted in a net gain of just over $2 billion, according to recent filings with stock market regulatory authorities. This sale comes after Amazon’s disclosure on February 2nd that Bezos intends to sell up to 50 million shares over the next 12 months, potentially capitalizing on a surge in the company’s stock price that has propelled him closer to becoming the world’s wealthiest individual. Bezos’ fortune has skyrocketed by $22.6 billion this year alone, reaching $199.5 billion as of Friday, as reported by the Bloomberg Billionaires Index. The sale consisted of approximately 12 million Amazon shares, priced between $168-171 per share, as indicated in documents submitted to regulatory authorities on Friday. This move follows a previous announcement on Wednesday outlining Bezos’ intention to sell 50 million shares in July, further solidifying his position as one of the world’s most influential business figures.

Since records dating back to 2002, the founder of Amazon has sold shares totaling over $30 billion, with approximately $20 billion being sold in the years 2020 and 2021 alone. Notably, he has also been actively involved in philanthropy, gifting shares valued at around $230 million to nonprofit organizations in November.

In a significant move, Jeff Bezos, the founder of Amazon, has divested $12 million worth of Amazon shares this week, marking his first such sale since 2021. The transactions, conducted on Wednesday and Thursday, resulted in a net gain of slightly over $2 billion, as per recent filings with stock market authorities. This sale is notable as it represents the first instance of Bezos selling the company’s stock in over a year. Amazon’s announcement on February 2nd revealed Bezos’ intention to offload up to 50 million shares over the next 12 months, potentially leveraging the company’s surging stock price. Bezos’ fortune has soared by $22.6 billion this year, reaching $199.5 billion as of Friday, according to the Bloomberg Billionaires Index. Forbes estimates Bezos’ fortune at $195.5 billion, placing him third among the world’s wealthiest individuals, behind Bernard Arnault of LVMH and Elon Musk of Tesla, Twitter, and SpaceX. Since 2002, Bezos has sold over $30 billion in Amazon shares, with a significant portion gifted to nonprofit organizations. Amazon’s latest financial results, released on February 1st, surpassed expectations, with a sales turnover of $170 billion and a net profit of $10.6 billion, driven by efficient deliveries and a successful holiday season. Following this announcement, Amazon’s stock surged by more than 13 percent on the New York Stock Exchange.