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The latest sell-off brings his total cash-out this year to more than $7.2 billion. Why Jeff Bezos Just Sold Another $3 Billion Worth of Amazon Stock Skip to main content
Jeff Bezos has denied Elon Musk’s claim that he told people to sell Tesla stock ahead of the U.S. presidential election result. (From left: Steve Granitz—FilmMagic/Getty Images; Allison ...
Amazon founder Jeff Bezos plans to sell up to 50 million shares of Amazon stock over the next year, according to a regulatory filing posted on Friday.. Those shares would be worth nearly $8.6 ...
Rather, I think that the current price action in Amazon is primarily attributed to a series of stock sales by Amazon founder and former CEO, Jeff Bezos. Stock sales by founders are routine.
In May 2016, Bezos sold slightly more than one million shares of his holdings in the company for $671 million, the largest sum he had ever raised from selling some of his Amazon stock. [67] On August 4, 2016, Bezos sold another million of his shares for $756.7 million. [ 68 ]
Amazon.com, Inc., [1] doing business as Amazon (/ ˈ æ m ə z ɒ n / ⓘ, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. [5]
After the sale plan, Bezos would own about 912 million Amazon shares, or 8.8% of the outstanding stock. He sold shares worth roughly $8.5 billion in February, after the stock rallied 80% in 2023.
Bezos Expeditions is an American investment firm based in Mercer Island, Washington. [2] It serves as a family office for Amazon.com founder Jeff Bezos by managing his personal investments. The firm invests both in early and late stage ventures of companies in different sectors.