Jeff Bezos Sells $2 Billion Worth of Shares in Amazon, Boosting His Net Worth to $195.5 Billion

Jeff Bezos, CEO of Amazon, sells $2 billion in shares

On Friday, it was reported that Jeff Bezos, the founder of Amazon, sold approximately $2 billion worth of shares in the online retail giant. This sale took place on Wednesday and Thursday, with Bezos selling 12 million shares at a price ranging between $168 and $171 each. The proceeds from this sale are estimated to be around 1.8 billion euros.

This is the first stock sale by Bezos since 2021, but he still owns more than 9% of Amazon. Another market document reported that Bezos intends to sell 50 million shares by July, with the market value of these shares being 8.4 billion dollars or 7.63 billion euros.

In addition to this news, there are several other topics listed in the original content, including security equipment installation services, online gambling, and automobile sales.

According to Forbes, Jeff Bezos’s fortune is estimated at 195.5 billion dollars, making him the third richest man on the planet. Amazon’s financial results for the quarter far exceeded expectations, with a turnover of 170 billion dollars and a net profit of 10.6 billion dollars.

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