• Thu. Feb 29th, 2024

Jeff Bezos Sells $2 Billion Worth of Amazon Shares, Blue Origin Stake Sold for $327 Million.

ByEditor

Feb 11, 2024
Jeff Bezos offloads two billion dollars of Amazon shares

Jeff Bezos recently sold $2 billion worth of shares in Amazon, equivalent to around 1.8 billion euros. The stock exchange document sent on Friday states that Bezos sold 12 million Amazon shares on Wednesday and Thursday at prices ranging from $168 to $171 each. This is the first stock sale he has made since 2021, and he still owns more than 9% of the company.

Despite the recent stock sale, Bezos’ fortune is estimated at 195.5 billion dollars, making him the third richest person in the world. A previous stock market document reported Bezos’ intention to sell 50 million shares of Amazon, with a market value of 8.4 billion dollars, before January 31, 2025.

Amazon’s financial results, released on February 1, far exceeded expectations. The group achieved a turnover of 170 billion dollars, representing growth of 14% over one year, and a net profit of 10.6 billion. These results led to a more than 13% increase in the company’s stock on the New York Stock Exchange.

In other news, it was revealed that Jeff Bezos had sold his stake in Blue Origin for $327 million earlier this month as part of an ongoing effort to diversify his investments and reduce his reliance on SpaceX.

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