• Fri. Mar 1st, 2024

Bezos Sells Over $2 Billion in Amazon Shares in Effort to Capitalize on Stock Price and Close the Gap with Musk

ByEditor

Feb 10, 2024
Jeff Bezos is liquidating Amazon shares for the first time in over a year

American billionaire Jeff Bezos, founder of the online shopping group Amazon, has recently sold over $2 billion worth of shares in the company. This marked the first time since 2021 that Bezos has sold Amazon shares. The sales totaled twelve million shares over a period of two days, according to a report to the American stock exchange regulator SEC.

Bezos may be interested in capitalizing on a recent rise in Amazon’s share price, which has brought him closer to the title of the richest person on earth. In the Bloomberg Billionaires Index, Bezos currently holds the second position after Elon Musk, with an estimated fortune of $200 billion. However, with his net worth estimated at $209 billion, Bezos is not far behind.

It is also reported that Bezos plans to sell up to 50 million shares this year, which have a total value of more than $8 billion. This move could further increase his wealth and bring him closer to becoming the richest person on earth.

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