Tech titan Jeff Bezos has offloaded another $2 billion worth of Amazon stock, bringing his month-long sales spree to a cool $6 billion.
The SEC filing reveals that Bezos, Amazon’s founder and executive chairman, sold 12 million shares this week at prices ranging from $166.50 to $170.92. This follows his initial sales on Feb 7th, part of a pre-planned divestment of up to 50 million shares by January 2025. So far, he’s shed about 36 million shares, suggesting a consistent pace of roughly 12 million per transaction.
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Industry experts, like VerityData’s Ben Silverman, predicted this concentrated selling approach based on Bezos’ past activity. While some might wonder why, Bezos still holds a massive $166 billion stake in Amazon and is rapidly closing the wealth gap with Tesla CEO Elon Musk. As of today, Bezos sits at $194 billion, just behind Musk’s $214 billion, according to the Bloomberg Billionaire’s Index.
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Key Takeaways:
- Bezos sold another $2 billion in Amazon shares this week.
- Total sales this month reach $6 billion, part of a pre-planned divestment.
- He still holds $166 billion in Amazon stock.
- Bezos is closing in on Elon Musk as the world’s richest person.
Disclaimer:
This article is for informational purposes only and should not be considered financial advice. Investing involves risk, and past performance is not indicative of future results. Please consult a qualified financial advisor before making any investment decisions.
Additionally, the information contained in this article is based on publicly available sources and may not be completely accurate or up-to-date. Always do your own research before making any investment decisions.
Finally, this article is not affiliated with Amazon, Tesla, or any other mentioned company. It is an independent analysis based on publicly available information.
