Jeff Bezos, the founder of Amazon, has sold about 12 million shares of Amazon for approximately $2 billion. This marks the first time he has sold Amazon stock since 2021, and the timing is opportune as Amazon’s stock price recently reached its highest point since November 2021. The exact reason for Bezos’ stock sale remains unknown.

Amazon recently announced a plan to sell a total of 50 million Bezos shares over time, with potential closing in January 2025. This sales plan comes at a time when Amazon’s stock price has increased, resulting in an increase in Bezos’ net worth by more than $22 billion this year. The shares would be worth a total of about $8.5 billion. With this sales plan, Bezos may be able to overtake Elon Musk as the richest person in the world according to the Bloomberg Billionaires Index.

Bernard Arnault, CEO of French luxury goods manufacturer LVMH, currently ranks third on the list with a net worth of $191 billion. The Jeff Bezos Stock Trading report was originally from Finland by STT and covered by Ile.

By Editor

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