Jeff Bezos Sells $2 Billion Worth of Amazon Shares – What’s Next for the Tech Billionaire?

In a recent development, Jeff Bezos, the CEO of Amazon, has filed a statement with federal regulators, indicating the sale of nearly 12 million shares of Amazon stock, which are collectively worth more than $2 billion. The sale took place on February 7 and February 8, 2024.

Bezos, who is the executive chairman of Amazon, notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of common stock. The shares of Amazon, a company that Bezos founded in Seattle about three decades ago, were valued at more than $2.04 billion, according to the listed price totals. The stocks were grouped in five blocks, with each block consisting of 1 million to more than 3.2 million shares.

Additionally, Bezos has listed the proposed sale of 50 million Amazon shares around February 7, with an estimated market value of $8.4 billion. This development comes after Bezos stepped down as Amazon’s CEO in 2021 to focus on his other projects, including Blue Origin, a rocket company, and his philanthropic endeavors. Despite his address being listed as Seattle in the stock filings, Bezos has reportedly relocated to Miami.

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In summary, Jeff Bezos’ recent sale of Amazon shares has garnered significant attention due to its substantial value, and it reflects his continued involvement in various ventures outside of his role at Amazon.

Jane Austen

A tech enthusiast unraveling complex concepts. Writes on AI, cybersecurity, and software trends. Passionate about innovation, hiking, and experimenting with recipes.