Home » World » Amazon’s Jeff Bezos Sells 12 Million Shares, Plans to Sell 50 Million Next Year, Ranks Third Richest Person in the World

Amazon’s Jeff Bezos Sells 12 Million Shares, Plans to Sell 50 Million Next Year, Ranks Third Richest Person in the World

Bezos sold about 12 million Amazon shares. Previously released information indicated that Bezos plans to sell 50 million company shares in July next year.

Forbes magazine estimates that Bezos is the third richest person in the world with a fortune of 195.5 billion dollars.

In second place on this list is the head of the French luxury goods manufacturer LVMH, Bernard Arnault, while the status of the richest person in the world belongs to the owner and head of the US electric car manufacturing company “Tesla Motors” Elon Musk.

It has already been announced that Amazon’s profit in the fourth quarter of last year increased to 10.6 billion dollars, compared to 278 million dollars in the corresponding period of time a year ago.

The increase in profit was driven by an increase in sales volume during the Christmas shopping period and cost-cutting measures.

2024-02-12 08:16:34
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