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Bezos Sells $2 Billion of Amazon Shares in First Major Stock Sale Since 2021

BNN Bloomberg ·  02/10 11:16

(Bloomberg) -- Jeff Bezos unloaded 12 million shares of $Amazon (AMZN.US)$ this week, the first time the billionaire has sold the company's stock since 2021.

The sales took place on Wednesday and Thursday and netted just over $2 billion, according to a filing.  

Amazon disclosed on Feb. 2 that Bezos plans to sell as many as 50 million shares of Amazon over the next 12 months, potentially cashing in on a stock surge that's put him within reach of becoming the world's richest person. His fortune has climbed $22.6 billion this year to $199.5 billion as of Friday, according to the Bloomberg Billionaires Index.

The Amazon founder has sold over $30 billion in shares since records going back to 2002, including about $20 billion combined in 2020 and 2021. He has primarily been gifting stock, including shares worth roughly $230 million that were given to nonprofit organizations in November.

Amazon, through a spokesperson, declined to comment.

--With assistance from Spencer Soper.

2024 Bloomberg L.P.

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