Jeff Bezos sells almost 12 million Amazon shares and will sell another 50 in July

Amazon founder Jeff Bezos sold approximately $2 billion in shares of the online retail giant, according to a stock filing on Friday.

Oliver Thansan
Oliver Thansan
10 February 2024 Saturday 09:59
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Jeff Bezos sells almost 12 million Amazon shares and will sell another 50 in July

Amazon founder Jeff Bezos sold approximately $2 billion in shares of the online retail giant, according to a stock filing on Friday.

Jeff Bezos sold, on Wednesday and Thursday, about 12 million Amazon shares, at a price ranging between $168 and $171 per share, according to this document sent to the stock market regulatory authorities and consulted on by AFP.

A previous stock exchange document, published on Wednesday, reported Jeff Bezos' intention to sell, next July, 50 million shares of the group he founded 30 years ago and of which he is today president.

Forbes estimates the Amazon founder's fortune at $195.5 billion, making him the third richest man on the planet, behind Frenchman Bernard Arnault, CEO of the LVMH group, and Elon Musk, head of Tesla. , Twitter or even SpaceX.

Amazon released its financial results on February 1, which far exceeded expectations. The group achieved a turnover of $170 billion, an increase of 14% year-on-year, and a net profit of $10.6 billion, driven by faster deliveries and a particularly successful Christmas season.

The stock rose more than 13% the next day on the New York Stock Exchange.

Bezos stepped down as Amazon CEO in 2021 to devote more time to his other projects, including rocket company Blue Origin and his philanthropy. His address on stock filings is listed as Seattle, although he reportedly moved to Miami.