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Amazon CEO Jeff Bezos sells $2 billion worth of his company’s shares

ByEditor

Feb 11, 2024

This week, Jeff Bezos sold 12 million shares of Amazon.com Inc., marking the first time he has sold the company’s stock since 2021. The sales, which took place on Wednesday and Thursday, resulted in Bezos netting just over $2 billion, according to a filing.

Back in February, Amazon disclosed that Bezos plans to sell as many as 50 million shares of the company over the next 12 months, potentially taking advantage of a stock surge that has put him within reach of becoming the world’s richest person. His fortune has increased by $22.6 billion this year to $199.5 billion as of Friday, according to the Bloomberg Billionaires Index.

Since records going back to 2002, Bezos has sold over $30 billion in shares, including approximately $20 billion combined in 2020 and 2021. During this time period, 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 on Bezos’ recent stock sales. If you want to stay informed about how AI is shaping the future of business, subscribe to the Eye on AI newsletter for free.

By Editor

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