Jeff Bezos, the founder of Amazon, has recently sold approximately 12 million shares of the company for about $2 billion. This is the first time Bezos has sold Amazon shares since 2021 and comes at a time when the company’s share price has increased to its highest point since November 2021. The exact reason for Bezos selling his shares is unknown, but it is an opportune moment as Amazon’s stock price continues to rise.
In addition to selling his shares, Bezos has also been recognized as the world’s richest person with a net worth of over $200 billion. However, with this recent sale plan, he may be able to overtake Elon Musk as the world’s richest person according to Bloomberg’s billionaire index.
The report of Jeff Bezos’ stock dealings was initially from Finland by STT and covered in Yle. It was later confirmed by documents sent to the US Securities and Exchange Commission that Bezos sold about 12 million Amazon shares for approximately $2 billion.