Jeff Bezos, the CEO of Amazon, has made a “small” adjustment to his holdings by selling 12 million Amazon shares this week, raising over $2 billion. According to a document filed with the SEC, the sales occurred on Wednesday and Thursday. This marks Bezos’ first sale of Amazon shares since 2021, as he hadn’t adjusted his stake for some time.
But it might not stop there. On February 2nd, Amazon revealed that Bezos plans to sell up to 50 million Amazon shares over the next 12 months. Naturally, he will do so based on market prices, but given the soaring stock prices of big tech companies, it’s likely he won’t have trouble finding a favorable price. With the stock closing at $174 yesterday, selling 50 million shares could potentially make him the richest person in the world.
According to the Bloomberg Billionaires Index, Bezos’ fortune has risen by $22.6 billion this year to $199.5 billion. In the past, starting from 2002, the Amazon founder has sold shares worth over $30 billion, including approximately $20 billion in stocks in 2020 and 2021. In November, he also donated stocks worth $230 million to some non-profit organizations. Meanwhile, with a 2.7% rise yesterday, Amazon closed at its highest level in over two years, exactly since December 9, 2021.
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