Amazon, Bezos makes 'cash': sells shares and takes home $2 billion
The entrepreneur has sold 12 million Amazon shares and plans to sell up to 50 million in 12 months: he could become the richest man in the world
1' min read
1' min read
A 'small' rounding up of shares and an early 24 tip for Amazon's number one, Jeff Bezos. The entrepreneur in fact sold 12 million Amazon shares this week, raising just over $2 billion. According to a document sent to the SEC, the sales took place on Wednesday and Thursday. It had been a while since Bezos had rounded up a stake: it was in fact Bezos' first sale of Amazon shares since 2021.
And it may not end there. On 2 February, Amazon revealed that Bezos plans to sell up to 50 million Amazon shares in the next 12 months. Obviously he will do this based on market prices, but considering how much the big tech stock market is trading, it is a safe bet that he will have no trouble finding an affordable price. Considering that the stock closed yesterday at $174, the sale of 50 million shares could make him the richest man in the world.
According to the Bloomberg Billionaires Index, his fortune rose by $22.6 billion this year to $199.5 billion. In the past, since 2002, the Amazon founder has sold over $30 billion worth of stocks, including stocks worth about $20 billion in 2020 and 2021. In November, he also donated stocks worth 230 million dollars to non-profit organisations. Meanwhile, with the 2.7 per cent rise yesterday, Amazon closed at its highest level in more than two years, exactly since 9 December 2021.
