Jeff Bezos appears on from the sidlines earlier than kickoff between the Kansas Metropolis Chiefs and Los Angeles Chargers at GEHA Subject at Arrowhead Stadium on September 15, 2022 in Kansas Metropolis, Missouri. The Amazon founder and chairman is among the world’s richest males.
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Amazon founder Jeff Bezos offered roughly $2.03 billion of shares in his firm over the previous few days, based on a regulatory submitting, bringing his whole gross sales this month to over $6 billion.
On Tuesday and Wednesday, Bezos offered about 12 million Amazon shares at a mean value of $169.50 a share.
The gross sales had been executed underneath a buying and selling plan that went into impact in November. Bezos might in the end promote as much as 50 million shares of Amazon, based on the corporate’s annual submitting. Bezos offered about 12 million shares, price $2 billion, between Friday and Monday, and offered one other 12 million shares the week earlier than that.
The gross sales this month mark the primary time Bezos has offered Amazon inventory since Might 2021, the 12 months he stepped down as Amazon CEO, though he gifted about $240 million in Amazon shares final 12 months.
In November, Bezos mentioned he would depart Seattle and transfer to Miami, permitting him to be nearer to his area exploration firm Blue Origin, in addition to to the household of fiancée Lauren Sanchez’s household. The transfer can even doubtlessly save him a whole lot of thousands and thousands of {dollars} in taxes on the share gross sales.
Bezos is at the moment the world’s third-wealthiest particular person, with a web price of $191.4 billion, based on Forbes. His Amazon holdings have dipped to 952.26 million shares from 976.25 million shares after his February gross sales.
— CNBC’s Annie Palmer contributed to this report.
WATCH: Jeff Bezos sells $2 billion of Amazon shares
