Jeff Bezos has sold $5.7B worth of Amazon stock – Business News
Jeff Bezos sold an eye-popping $5.7 billion worth of Amazon stock since tying the knot with Lauren Sánchez final month, in response to authorities filings.
The gross sales started when Bezos disposed of $737 million round his weekend nuptials in Venice on June 27. The transactions had been half of a trading plan for up to 25 million shares that he adopted earlier this yr.
The closing portion of the 25 million share sale occurred Wednesday and Thursday, when Bezos sold roughly 4.2 million shares valued at $954 million.
Jeff Bezos sold an eye-popping $5.7 billion worth of Amazon stock since tying the knot with Lauren Sánchez final month, in response to authorities filings. Spread Pictures / MEGA
These share gross sales occurred during a period of robust efficiency for Amazon stock, which has climbed 38% since hitting a latest backside in late April.
Market watchers are anticipating Amazon’s upcoming earnings report as they consider whether or not the company’s substantial artificial intelligence investments will generate returns.
Bloomberg information signifies Bezos, who stepped down because the company’s chief govt in July 2021, has now divested more than $50 billion worth of Amazon shares since 2002.
Despite these gross sales, the Amazon chairman maintains possession of roughly 884 million shares, representing over 8% of the company.
The Bloomberg Billionaires Index ranks him because the world’s third-wealthiest particular person, together with his $252.3 billion web worth primarily derived from his Amazon holdings.
The share transactions had been accomplished by a 10b5-1 trading plan, a mechanism generally employed by company executives to forestall potential insider trading violations.
The Amazon founder and his bride wed during a star-studded occasion in Venice, Italy on June 27. @laurensanchezbezos through REUTERS
Bezos has persistently sold Amazon shares over time, offloading 75 million shares within the earlier yr for $13.6 billion.
The stock gross sales are sometimes supposed to direct proceeds towards funding his different business pursuits, together with his space enterprise Blue Origin. Additionally, he donated shares valued at roughly $190 million to charitable organizations in 2025.
Records relationship back to 2002 show Bezos made just one Amazon stock buy, buying a single share for $114.77 two years in the past.
Bezos, who stepped down because the company’s chief govt in July 2021, has now divested more than $50 billion worth of Amazon shares since 2002. Sergio – stock.adobe.com
Bezos’ $5.7 billion in stock gross sales this yr exceeds the divestiture quantities of different main company insiders, together with Oracle Corp. CEO Safra Catz, who sold $2.5 billion worth of shares within the first half of the yr, and Dell Technologies Inc.’s Michael Dell, who disposed of a $1.2 billion stake.
Neither Amazon nor Bezos representatives supplied rapid responses to requests for remark.
