Jeff Bezos, the founder of Amazon, has recently sold approximately 12 million Amazon shares for about $2 billion. This is the first time he has sold Amazon shares since 2021, and it comes at a time when the company’s share price has risen to its highest point since November 2021. The reason for this sale is not entirely clear, but it appears to be an opportune moment for Bezos to cash in on his substantial investment in the company.
In addition to selling his shares, Bezos has also been recognized as the world’s richest person by Bloomberg’s billionaire index. However, this may change with a new sales plan that aims to sell a total of 50 million Bezos shares over several years, potentially closing in January 2025. If successful, this plan could push Bezos’ net worth up even further and potentially allow him to overtake Elon Musk as the world’s richest person.
While Bezos may be able to increase his net worth through this sales plan, other wealthy individuals are also making moves in the stock market. LVMH’s managing director Bernard Arnault currently has a net worth of $191 billion and ranks third on Bloomberg’s billionaire index. The report of Jeff Bezos’ stock dealings was initially from Finland by STT and covered in Yle.