Jeff Bezos Discloses Sale of Nearly 12 Million Amazon Shares Valued at Over $2 Billion
In a recent filing with federal regulators, Jeff Bezos, the executive chairman of Amazon, has revealed the sale of approximately 11,997,698 shares of the e-commerce giant’s common stock, amassing a staggering sum exceeding $2 billion. The transactions occurred on both February 7 and February 8, as per the notification submitted to the U.S. Securities and Exchange Commission (SEC).
The total valuation of these Amazon shares, headquartered in Seattle, the city where Bezos initiated the company’s journey in a garage nearly thirty years ago, surpassed $2.04 billion, based on the listed price totals. The sold shares were organized into five blocks, ranging from 1 million to over 3.2 million shares each.
In a parallel SEC filing, Bezos outlined plans for a subsequent sale, proposing to offload 50 million Amazon shares around February 7, with an estimated market value reaching $8.4 billion.
Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to comehttps://t.co/JmPDSyNpjG pic.twitter.com/hu0vtuNkF4
— The Washington Times (@WashTimes) February 12, 2024
Although Bezos relinquished his role as Amazon’s CEO in 2021 to dedicate more time to ventures such as his space exploration company, Blue Origin, and philanthropic endeavors, he continues to play a significant role in the company’s financial moves. Notably, his listed address on the stock filings remains in Seattle, despite reports suggesting his relocation to Miami.