Amazon’s founder Jeff Bezos has recently sold approximately $2 billion worth of shares in the company, as per recent filings in the stock market.
The transactions, conducted on Wednesday and Thursday, involved the sale of around 12 million Amazon shares at prices ranging between $168 and $171 per share. These details were disclosed in documents submitted to stock market regulatory authorities on Friday.
Earlier, another stock market filing on Wednesday had indicated Bezos’s plan to sell 50 million shares of Amazon, scheduled for July.
Bezos, who founded Amazon three decades ago and currently serves as its executive chairman, is reported to have a fortune of approximately $195.5 billion, ranking him as the third richest person globally. He trails behind Bernard Arnault, the CEO of LVMH, and Elon Musk, who heads Tesla, Twitter, and SpaceX.
Amazon’s recent financial performance has been robust, surpassing expectations. The company reported its latest financial results on February 1, revealing a sales turnover of $170 billion and a net profit of $10.6 billion.
These figures were attributed to expedited delivery services and a highly successful holiday season. Subsequently, Amazon’s stock witnessed a significant surge, with its value soaring by over 13% on the New York Stock Exchange the following day.