• Mon. Mar 4th, 2024

Bezos Sells $2 Billion in Amazon Shares as Stock Price Hits All-Time High


Feb 11, 2024
Jeff Bezos could regain title of world’s richest man as he sells $2 billion in Amazon shares

Jeff Bezos, the founder of online shopping giant Amazon, has recently sold 12 million shares worth approximately $2 billion. This marks the first time he has sold Amazon shares since 2021 and comes at a time when the price of Amazon’s stock has risen to its highest point since November 2021. The exact reason for Bezos selling his shares remains unknown, but it is an opportune moment as Amazon’s share price continues to rise.

In other news, Bezos has announced a plan to sell a total of 50 million shares over the next few years. This sales plan is set to take place in parts and may close in January 2025. The sale of these shares comes at a time when the price of Amazon’s stock has increased, pushing Bezos’ net worth up by more than $22 billion this year. If successful, this sales plan could potentially make Bezos the richest person in the world once 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 ranks third on the list of richest people with a net worth of $191 billion. The report on Jeff Bezos’ stock dealings was initially from Finland by STT and covered in Yle.

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