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Jeff Bezos sells higher than $2 billion in Amazon stock for third time this month

Jeff Bezos appears to be like on from the sidlines earlier than kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Self-discipline at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The Amazon founder and chairman is with out doubt one of the most sector’s richest men.

Cooper Neill | Getty Images Sport | Getty Images

Amazon founder Jeff Bezos equipped roughly $2.03 billion of shares in his company over the past few days, in holding with a regulatory submitting, bringing his entire gross sales this month to over $6 billion.

On Tuesday and Wednesday, Bezos equipped about 12 million Amazon shares at an moderate sign of $169.50 a chunk.

The gross sales were performed below a trading notion that went into make in November. Bezos might in a roundabout plan sell as a lot as 50 million shares of Amazon, in holding with the corporate’s annual submitting. Bezos equipped about 12 million shares, price $2 billion, between Friday and Monday, and equipped one other 12 million shares the week earlier than that.

The gross sales this month mark the first time Bezos has equipped Amazon stock since Can also 2021, the 365 days he stepped down as Amazon CEO, though he proficient about $240 million in Amazon shares final 365 days.

In November, Bezos acknowledged he would leave Seattle and lumber to Miami, allowing him to be closer to his instruct exploration company Blue Origin, apart from to the family of fiancée Lauren Sanchez’s family. The lumber will moreover presumably place him a entire lot of hundreds and hundreds of bucks in taxes on the part gross sales.

Bezos is for the time being the sector’s third-wealthiest person, with a catch price of $191.4 billion, in holding with Forbes. His Amazon holdings contain dipped to 952.26 million shares from 976.25 million shares after his February gross sales.

— CNBC’s Annie Palmer contributed to this yarn.

WATCH: Jeff Bezos sells $2 billion of Amazon shares

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