Online shopping company of Amazon Founder Jeff Bezos Amazon is selling about 12 million shares. The sale is clear from documents filed with the US Securities and Exchange Commission.
The sale price of 12 million shares is approximately $2 billion. Bezos is selling Amazon shares for the first time since 2021.
The company did not give an exact reason why Bezos is selling his shares. However, now is the time to sell, as Amazon's stock price has risen to its highest level since November 2021. Share price swings above $170 as results beat expectations.
Earlier this month, Amazon announced plans to sell a total of 50 million pesos worth of shares. The sale of Bezos' shares will still not take place all at once, but in parts according to a sale plan. According to the documents, the sale will close in January 2025. 50 million Amazon shares would be worth about $8.5 billion.
Overtaking musk as an objective?
Depending on who keeps the list, Jeff Bezos is the second or third richest person in the world.
Amazon's share price surge at the start of the year has boosted the peso's net worth to more than $22 billion this year. Elon Musk's Wealth has decreased Tesla's With stock declines.
Bezos, previously ranked as the world's richest man for 2018-2021, may overtake Musk in his sales plan.
According to Bloomberg's Billionaire Index, Musk is worth $209 billion and Bezos is worth $200 billion. Third is the French luxury goods manufacturer with a net worth of $191 billion LVMH: n Administrative director Bernard Arnold.
Jeff Bezos' stock transactions were first reported by STT in Finland Among others on Yelle.