Jeff Bezos attends at “The Lord Of The Rings: The Rings Of Power” World Premiere in August, 2022.
Dave J Hogan | Getty Images Entertainment | Getty Images
Amazon founder and government chairman Jeff Bezos unloaded greater than 14 million shares of his firm valued at roughly $2.4 billion, bringing the overall bought for the reason that begin of the month to 50 million.
The gross sales started late final week and continued by way of Tuesday, in keeping with a securities submitting. In complete, Bezos bought 14,006,906 shares within the firm for about $2.37 billion, the submitting states.
The gross sales had been executed below a prearranged buying and selling plan that Bezos adopted in November and disclosed earlier this month, which mentioned he might promote as much as 50 million Amazon shares earlier than Jan. 31, 2025.
Bezos bought about 12 million Amazon shares, price roughly $2.03 billion, final week, along with one other tranche of 12 million shares simply days earlier than. He unloaded one other 12 million shares the week earlier than that.
Bezos hadn’t bought Amazon’s inventory since May 2021, the 12 months he stepped down as Amazon’s CEO, previous to the most recent flurry of gross sales. He gifted about $240 million price of Amazon shares final 12 months.
Bezos’ inventory gross sales have accelerated since he introduced final November he would depart Seattle and transfer to Miami, permitting him to be nearer to fiancée Lauren Sanchez and his mother and father, in addition to Blue Origin’s operations.
Clarification: This story has been up to date to replicate that Bezos unloaded round $2.4 billion in inventory
https://www.cnbc.com/2024/02/20/jeff-bezos-unloads-2point1-billion-in-amazon-stock.html
