Jeff Bezos unloads around $2.4 billion in Amazon stock, bringing original gross sales to 50 million shares

Jeff Bezos attends at “The Lord Of The Rings: The Rings Of Energy” World Premiere in August, 2022.

Dave J Hogan | Getty Pictures Entertainment | Getty Pictures

Amazon founder and govt chairman Jeff Bezos unloaded more than 14 million shares of his firm valued at roughly $2.4 billion, bringing the total bought since the initiate of the month to 50 million.

The gross sales began leisurely last week and persisted through Tuesday, in step with a securities submitting. In total, Bezos bought 14,006,906 shares within the firm for approximately $2.37 billion, the submitting states.

The gross sales were completed below a prearranged trading understanding that Bezos adopted in November and disclosed earlier this month, which mentioned he may possibly promote up to 50 million Amazon shares earlier than Jan. 31, 2025.

Bezos bought about 12 million Amazon shares, price approximately $2.03 billion, last week, as properly as to every other tranche of 12 million shares moral days earlier than. He unloaded every other 12 million shares the week earlier than that.

Bezos hadn’t bought Amazon’s stock since Could well also merely 2021, the twelve months he stepped down as Amazon’s CEO, prior to the most modern flurry of gross sales. He gifted about $240 million price of Amazon shares last twelve months.

Bezos’ stock gross sales hang accelerated since he offered last November he would fade away Seattle and transfer to Miami, permitting him to be closer to fiancée Lauren Sanchez and his fogeys, as properly as Blue Starting place’s operations.

Clarification: This memoir has been up up to now to reflect that Bezos unloaded around $2.4 billion in stock

Content Protection by DMCA.com

Back to top button