Jeff Bezos, the founder of online shopping giant Amazon, has recently sold approximately 12 million Amazon shares for around $2 billion. This is the first time he has sold Amazon shares since 2021 and comes at an opportune moment as the price of Amazon’s stock has recently risen to its highest point since November 2021.
Bezos recently announced a plan to sell a total of 50 million shares over a period of time according to the sales plan and potentially closing in January 2025. This move comes after his net worth increased by more than $22 billion this year due to the rise in price of Amazon’s stock. The shares would be worth about $8.5 billion in total.
This sale plan puts Bezos on track to become the world’s richest person again, surpassing Elon Musk according to Bloomberg’s billionaire index. Aside from Bezos and Musk, Bernard Arnault, the managing director of French luxury goods manufacturer LVMH, also has a net worth of $191 billion and ranks third on the list.
The report on Jeff Bezos’ stock dealings was initially from Finland by STT and was covered in Yle.