July 12, 2024

Bezos Unloads $4bn in Amazon Stock

1 min read
Amazon founder Bezos sells shares worth over $4bn...

Amazon founder Bezos sells shares worth over $4bn

Amazon founder Bezos sells shares worth over $4bn

Jeff Bezos, the founder and CEO of Amazon, has sold shares of his company worth over $4 billion. This move comes as Bezos continues to diversify his investments and focus on other projects, such as his space exploration company Blue Origin.

According to the filing with the Securities and Exchange Commission, Bezos sold a total of 1.1 million shares of Amazon stock, bringing in approximately $4.1 billion. This sale represents only a small fraction of Bezos’ total stake in the company, as he still owns approximately 10% of Amazon’s outstanding shares.

Bezos has been steadily selling off his Amazon stock in recent years, with the proceeds going towards funding his various ventures and philanthropic efforts. He has also pledged to donate a significant portion of his wealth to charitable causes through the Bezos Day One Fund.

Despite this latest sale, Bezos remains one of the richest people in the world, with a net worth of over $200 billion. His leadership at Amazon has transformed the e-commerce industry and made him a household name around the globe.

As Bezos continues to explore new opportunities beyond Amazon, the sale of his shares serves as a reminder of his ongoing commitment to innovation and growth.

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