Jeff Bezos sells Amazon shares for the third time in a month – this time for $2 billion
Meanwhile, total sales in February reached $6 billion.
According to documents reviewed by CNBC, Amazon founder Jeff Bezos has sold about $2.03 billion worth of his company’s stock over the past few days – and $6 billion in total during February.
On Tuesday and Wednesday, Bezos sold about $12 million worth of shares at an average price of $169.50 per share.
The sales are in line with the company’s trading plan, which came into effect in November. In total, the billionaire may eventually sell up to 50 million Amazon shares (the $2 billion sum covered about 12 million shares, the same amount he sold the week before).
The February sale marks the first time Bezos has sold shares since May 2021, when he stepped down as Amazon’s CEO.
In November, Jeff announced that he would leave Seattle and move to Miami to be closer to his space company Blue Origin, as well as the family of his fiancée Lauren Sanchez. The move will also potentially save him hundreds of millions of dollars in taxes on the sale of shares.
Currently, Bezos is ranked third in the Forbes ranking of the world’s richest people, with a net worth of $191.4 billion. Bernard Arnault ($223.1 billion) and Elon Musk ($205.5 billion) have the first and second.
