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Jeff Bezos sells greater than $2 billion in Amazon inventory for 0.33 time this month

Jeff Bezos sells greater than  billion in Amazon inventory for 0.33 time this month
February 16, 2024



Jeff Bezos seems on from the sidlines earlier than kickoff between the Kansas Town Chiefs and Los Angeles Chargers at GEHA Box at Arrowhead Stadium on September 15, 2022 in Kansas Town, Missouri. The Amazon founder and chairman is likely one of the global’s richest males.Cooper Neill | Getty Photographs Game | Getty ImagesAmazon founder Jeff Bezos bought kind of $2.03 billion of stocks in his corporate during the last few days, in keeping with a regulatory submitting, bringing his overall gross sales this month to over $6 billion.On Tuesday and Wednesday, Bezos bought about 12 million Amazon stocks at a median value of $169.50 a proportion.The gross sales had been finished below a buying and selling plan that went into impact in November. Bezos may in the long run promote as much as 50 million stocks of Amazon, in keeping with the corporate’s annual submitting. Bezos bought about 12 million stocks, value $2 billion, between Friday and Monday, and bought some other 12 million stocks the week earlier than that.The gross sales this month mark the primary time Bezos has bought Amazon inventory since Might 2021, the 12 months he stepped down as Amazon CEO, even if he proficient about $240 million in Amazon stocks closing 12 months.In November, Bezos stated he would depart Seattle and transfer to Miami, permitting him to be nearer to his area exploration corporate Blue Foundation, in addition to to the circle of relatives of fiancée Lauren Sanchez’s circle of relatives. The transfer may also doubtlessly save him masses of hundreds of thousands of greenbacks in taxes at the proportion gross sales.Bezos is lately the arena’s third-wealthiest individual, with a web value of $191.4 billion, in keeping with Forbes. His Amazon holdings have dipped to 952.26 million stocks from 976.25 million stocks after his February gross sales. — CNBC’s Annie Palmer contributed to this document.WATCH: Jeff Bezos sells $2 billion of Amazon stocks

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