Bezos sold $ 2.4 billion of Amazon shares again this week

Bezos sold $ 2.4 billion of Amazon shares again this week

Featured news from Economie

Kotb said earlier this week in another document that he intended to sell up to 2 million shares.

Jeff Bezos sold $ 2.4 billion of Amazon.com Inc. Which raised the stable amount this week to nearly $ 5 billion.

Bezos sold 739,032 shares under a predetermined trading plan, according to documents filed with the US Securities and Exchange Commission, days after he sold a similar amount. Kotb said earlier this week in another document that he intended to sell up to 2 million shares.

The richest person in the world still owns more than 10% of Amazon, the main source of his wealth of $ 192.1 billion, according to the Bloomberg Billionaires Index.

In the fifteen years after Amazon.com went public in 1997, Bezos sold about a fifth of its online retailers for nearly $ 2 billion. The value of your stake has increased in recent years to the point that you can now sell relatively small amounts for billions of dollars. Last year it sold more than $ 10 billion in shares.

Amazon rebounded 76% in 2020 amid the COVID-19 pandemic, which has encouraged online shopping. The stock is up 1.1% this year.

The Amazon founder used the stock sales to fund the Blue Origin space company, while earmarking $ 10 billion for the Bezos Earth Fund to help counter the effects of climate change.

Bezos will also have a luxury yacht to be built in the Netherlands, which will be 127 meters in length, and will have multiple decks and will contain three huge masts.

The biggest blow to Bezos’ fortune came after his divorce from MacKenzie Scott, who took a 4% stake in Amazon as part of the split.

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