SAN FRANCISCO – Jeff Bezos, the founder of Amazon.com, recently conducted a significant stock sale, marking his first major divestment from the company’s shares since 2021.
The stock sale involved the disposal of 12 million shares of Amazon.com and occurred on February 7 and 8, resulting in proceeds totaling approximately US$2.7 billion, according to regulatory filings.
This divestment follows Bezos’s announcement on February 2, wherein he disclosed plans to sell up to 50 million shares of Amazon within the next 12 months, potentially capitalizing on the company’s surging stock price.
The decision to sell shares comes as Amazon’s stock price has soared, placing Bezos within striking distance of reclaiming the title of the world’s richest person.
Bezos’s net worth experienced a significant increase of US$22.6 billion over the past year, reaching a total of US$199.5 billion as of February 9, as reported by the Bloomberg Billionaires Index.
Over the years, Bezos has been actively involved in divesting his Amazon shares, with total divestments exceeding US$30 billion. This includes approximately US$20 billion in combined sales during the years 2020 and 2021.
In addition to his divestment activities, Bezos has demonstrated a commitment to philanthropy by donating shares valued at around US$230 million to various nonprofit organizations in November.
Despite the notable stock sales by Bezos, Amazon, represented by a spokesperson, has chosen not to provide any comments or statements regarding these transactions.
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