Jeff Bezos Sells Roughly $2 Billion Worth of Amazon Shares in Rare Move

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  • Jeff Bezos Sells 12 Million Amazon Shares for $2 Billion in First Major Stock Sale Since 2021
  • Bezos Plans to Sell 50 Million Amazon Shares Over Next 12 Months, Eyes $10 Billion Cashout
  • Jeff Bezos Strategically Diversifies Portfolio with $2 Billion Amazon Stock Sale

Seattle, WA – February 10, 2024 – Founder Jeff Bezos, the world’s second richest person according to the Bloomberg Billionaires Index, has made headlines once again with his recent stock sale. Bezos sold around 12 million shares of the online retail and cloud services giant, Amazon, for roughly $2 billion. This marks his first major stock sale since 2021.

The transaction, which took place on Wednesday and Thursday, was disclosed in a regulatory filing on Friday. Bezos, who founded Amazon as a bookseller in 1994, has been strategically planning to sell his shares. He has laid out a plan to sell as many as 50 million shares of Amazon over the next 12 months, potentially cashing in on over $10 billion.

Bezos, who stepped down as the company’s Chief Executive and took over as Executive Chairman in 2021, has been focusing on his various ventures including the Bezos Earth Fund and other climate initiatives. His fortune has climbed to an estimated $200 billion, making him one of the most influential figures in the business world.

The sale plan comes as Bezos aims to diversify his holdings and potentially address capital gains tax implications. It also aligns with his long-term vision for Amazon and his personal investments. The market reaction to Bezos’ stock sale since 2021 will be closely watched by analysts and investors.

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