Jeff Bezos, the founder of Amazon, recently sold approximately $2 billion worth of shares in the online retail giant. The stock exchange document sent on Friday reveals that Bezos sold 12 million Amazon shares on Wednesday and Thursday at prices ranging from $168 to $171 each. This is the first stock sale he has made since 2021, but he still owns more than 9% of the company.
Despite his recent stock sale, Bezos’ fortune remains estimated at 195.5 billion dollars, making him the third richest person in the world. A previous stock market document reported that Bezos had intended to sell 50 million shares of Amazon, with a market value of 8.4 billion dollars, before January 31, 2025. However, it is not clear if this intention was ever carried out or if it has been revised since then.
Amazon’s financial results for February 1 exceeded expectations with a turnover of $170 billion and growth of over 14% compared to the previous year. The company also achieved a net profit of $10.6 billion, leading to an over 13% increase in its stock price on the New York Stock Exchange. These results are certainly good news for shareholders and investors alike as they continue to grow their investments in one of the world’s largest e-commerce giants.