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Jeff Bezos, CEO of Amazon, sells $2 billion in shares

ByEditor

Feb 11, 2024

Amazon founder Jeff Bezos sold about $2 billion worth of shares in the online retail giant, which is around 1.8 billion euros according to a stock exchange document sent on Friday. This sale took place on Wednesday and Thursday, with Bezos selling 12 million shares at a price ranging between $168 and $171 each, or between 152 and 155 euros.

This is the first stock sale by Bezos since 2021, and despite this week’s sale, he still owns more than 9% of Amazon. Another market document reported Bezos’s intention to sell 50 million shares by July, with the market value of these shares being 8.4 billion dollars or 7.63 billion euros.

Forbes estimates Bezos’s fortune at 195.5 billion dollars, making him the third richest man on the planet. Amazon’s financial results far exceeded expectations, with a turnover of 170 billion dollars and net profit of 10.6 billion.

In addition to Bezos’s stock sale, there are various other topics listed in the original content, ranging from security equipment installation services to online gambling and automobile sales.

By Editor

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