Jeff Bezos, the founder and CEO of Amazon, sold two lots of shares, which just brought him $4 billion. The entrepreneur confirms his step back from the American giant.
On the scale of whoever founded Amazon, you might say, “ oh, ultimately, it’s not that big, right? » But yes, Jeff Bezos did sell some 24 million shares of Amazon this week, enough to pocket a nice and modest check for 4 billion dollars, or around 3.7 billion euros. And the billionaire still has reserves, since he remains the largest shareholder of the famous e-retailer!
Jeff Bezos dumps $4 billion in stocks
Even though he is now only the executive chairman of Amazon, after leaving his operational position as CEO in 2021, Jeff Bezos still retains shares in the company. Between last Friday and Monday, the billionaire “got rid of” part of the latter.
First, the Albuquerque native sold 12 million shares, for approximately 2 billion shares, before a second wave, also of 12 million shares, and for the same amount. According to stock market documents, Jeff Bezos therefore recovered $4 billion in cash in the space of a few days.
He owns 9% of Amazon shares
If you’re worried about Jeff Bezos, you’re worrying for nothing. The third largest fortune in the world, estimated at $190 billion, still owns around 9% of Amazon shares. And the multi-billionaire will not stop there.
Amazon plans to sell 50 million shares over the next year, for a total estimated at $8.4 billion. Jeff Bezos’ share sales in any case coincide with the company’s exceptional stock market performance, whose price rose from 100 to 170 dollars in the space of a year.
The company has just seen Nvidia move ahead of it in market valuation, at $1,799 billion for the chip manufacturer compared to $1,766 billion for the online sales giant.
Source : BBC
4