Jeff Bezos, the founder of Amazon, recently sold around $2 billion worth of shares in the company, equivalent to approximately 1.8 billion euros. On Wednesday and Thursday, Bezos sold 12 million shares at prices ranging from $168 to $171 each. This is the first stock sale he has made since 2021, but he still owns more than 9% of the company.
Despite the recent stock sale, Bezos’ fortune remains estimated at 195.5 billion dollars, making him the third richest person in the world. In a previous stock market document, it was reported that Bezos planned to sell 50 million shares of Amazon with a market value of 8.4 billion dollars before January 31, 2025.
On February 1, Amazon released its financial results for the year and they exceeded expectations. The group achieved a turnover of 170 billion dollars and a net profit of 10.6 billion dollars, representing growth of 14% over one year on the New York Stock Exchange. These results led to a more than 13% increase in Amazon’s stock price on the exchange.
It is important to note that there are additional paragraphs in this article that do not seem relevant to the discussion about Jeff Bezos and Amazon’s stock sales. It is unclear what their relevance may be or how they add value to this story about one of the world’s largest companies and its founder’s financial transactions.