• Tue. Apr 23rd, 2024

Jeff Bezos has sold 50 million Amazon shares this month, for around $8 billion

Jeff Bezos has sold 50 million Amazon shares this month, for around $8 billion


Amazon.com Inc. founder and Executive Chairman Jeff Bezos sold another $2 billion tranche of stock in recent days, bringing his total stock sales this month to about $8 billion.

According to a filing with the Securities and Exchange Commission, Bezos sold about 14 million shares between Thursday and Tuesday, at prices ranging from $166.41 a share to $170.89, for roughly $2.2 billion.

Bezos had previously offloaded about 36 million shares since Feb. 7, in tranches of around 12 million shares apiece. The most recent sales bring the total to about 50 million shares — the maximum amount in a pre-arranged plan to sell some of his Amazon stock by January 2025.

Also read: Amazon to join Dow Jones Industrial Average, reflecting ‘evolving nature of American economy’

VerityData research vice president Ben Silverman previously noted that Bezos was likely to concentrate sales over several days rather than spreading them out over weeks or months, based on a review of his past selling activity.

Bezos still owns about $164 billion in Amazon stock. As of Tuesday, Bezos has a fortune worth about $191 billion, according to the Bloomberg Billionaire’s Index, third behind Elon Musk ($209 billion) and Bernard Arnault ($193 billion).

Amazon shares
AMZN,
-1.43%

are up 10% year to date, compared to the S&P 500’s
SPX
23% gain.



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