Jeff Bezos has divested approximately $2 billion worth of Amazon shares, as per recent filings with the stock market. The sale occurred on Wednesday and Thursday, with Bezos offloading around 12 million shares priced between $168 and $171 each. This move follows a prior announcement in a stock market document released on Wednesday, indicating his plan to sell 50 million shares next July.
Jeff Bezos, who founded Amazon three decades ago and currently serves as its executive chairman, holds a fortune estimated at $195.5 billion, ranking him as the third wealthiest person globally, trailing behind Bernard Arnault of LVMH and Elon Musk, the multi-faceted entrepreneur behind Tesla, Twitter, and SpaceX.
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Amazon’s latest financial report, released on February 1, showcased impressive figures, surpassing expectations. The company reported a sales turnover of $170 billion and a net profit of $10.6 billion, driven by enhanced delivery services and a successful holiday season. Consequently, Amazon’s stock surged over 13 percent on the New York Stock Exchange the following day.
