Thursday, October 16, 2025

Latest

Jeff Bezos Sells $2 Billion Worth of Amazon Shares

Amazon.com Inc. (Nasdaq: AMZN) founder Jeff Bezos sold 12 million shares of the company this past week, marking his first sale of Amazon stock since 2021. 

These transactions, conducted over Wednesday and Thursday, fetched just over $2 billion, as revealed in a recent regulatory filing. 

And it’s only the beginning of Bezos’ selling spree. The company disclosed in early February that Bezos is looking to unload as many as 50 million shares over the next 12 months. Like Meta (Nasdaq: META) founder Mark Zuckerberg, Bezos is cashing in on his company’s gains. Amazon has surged over 75% year-over-year.

Via Google Finance

By the end of December, Bezos held approximately 988 million shares of Amazon, nearly 10% of the company, valuing his entire stake at around $168 billion. Throughout his tenure, Bezos has sold Amazon shares totaling over $30 billion since 2002, with $20 billion of that in 2020 and 2021 alone.

Bezos, at the time of this writing, is $9 billion shy of reclaiming the top spot from Tesla (Nasdaq: TSLA) CEO Elon Musk on the Bloomberg Billionaires Index

Sadly, Musk may not be in a position to continue to compete, unlike Bezos and Zuckerberg, he’s seen a $29 billion decline in his net worth this year following a 27% drop in Tesla stock and a legal decision that nullified a significant compensation package for Musk at Tesla.


Information for this story was found via Reuters, Business Insider, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Bezos Vows To Give Away Much of His Fortune While Amazon Plans To Cut 10,000 Employees

While Jeff Bezos, Amazon founder and formerly the world’s richest person, was vowing to give...

Wednesday, November 16, 2022, 11:32:00 AM

Amazon Sees Earnings Double In Q4 2024 But Weak Guidance Causes Shares To Drop

Amazon.com (NASDAQ: AMZN) has delivered its fourth-quarter and full-year 2024 financial results, with total quarterly...

Friday, February 7, 2025, 07:32:23 AM

Amazon Goes Nuclear, Acquires $650 Million Nuclear Data Center

Talen Energy Corporation has finalized the sale of its 960MW Cumulus data center campus located...

Thursday, March 7, 2024, 02:01:00 PM

Amazon: Analyst Consensus Points To $4.02 Earnings Per Share For Q4

Amazon.com Inc (NASDAQ: AMZN) will be reporting its fiscal fourth quarter financial results on February...

Tuesday, February 1, 2022, 03:48:00 PM

How Long Can The Stock Market Ignore The Economy?

Naturally, as long as it wants. Despite constant assertions to the contrary, the stock market...

Monday, April 20, 2020, 08:20:16 AM