Billionaire Amazon founder Jeff Bezos sold about $2 billion worth of shares in his online distribution giant, according to a document submitted Friday to stock market regulatory authorities.
The document showed that Bezos sold about 12 million Amazon shares on Wednesday and Thursday, the price of each of which ranged between $168 and $171.
A previous document published on Wednesday indicated that Bezos intends, next July, to sell 50 million shares of the group he founded 30 years ago and which he chairs today.
Forbes magazine estimates Bezos’ wealth at $195.5 billion, making him the third richest man in the world after the French CEO of the LVMH Group, Bernard Arnault, and the president of Tesla, the X platform, and SpaceX, Elon Musk.
Bezos stepped down from his position as CEO of Amazon in 2021 to devote more time to his other projects, including the aerospace company Blue Origin and his charitable work.
On February 1, Amazon released its financial results, which far exceeded expectations. The group achieved sales of $170 billion, an increase of 14 percent in one year, and a net profit of $10.6 billion.
The group’s share price on the New York Stock Exchange rose by more than 13 percent the day after the results were announced.
2024-02-11 08:16:08
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