Amazon’s founder, Jeff Bezos, recently divested approximately $2 billion in Amazon shares, as revealed in recent stock market filings. The sale, comprising 12 million shares, occurred on Wednesday and Thursday at a per-share price ranging between $168 and $171, according to documents submitted to regulatory authorities on Friday. A previous market document, released on Wednesday, outlined Bezos’s intention to sell 50 million shares in July, underscoring his role as the executive chairman of the company he founded three decades ago.
Bezos, currently holding an estimated fortune of $195.5 billion, is ranked as the third richest individual globally, trailing behind Bernard Arnault of LVMH and Elon Musk of Tesla, Twitter, and SpaceX, according to Forbes. Amazon’s recent financial results, announced on February 1, exceeded expectations significantly. The tech giant reported a sales turnover of $170 billion and a net profit of $10.6 billion, attributed to expedited deliveries and a highly successful holiday season. Subsequently, Amazon’s stock experienced a notable surge of over 13% on the New York Stock Exchange.
