In line with a Friday monetary submitting, Amazon founder Jeff Bezos is promoting as much as 25 million shares of Amazon inventory over the following 13 months.
The shares are value about $4.8 billion on the present worth.
Associated: Jeff Bezos Nonetheless Makes use of One of many Well-known Amazon ‘Door Desks’ From the ’90s — This is Why
Final 12 months, Bezos bought $13.5 billion value of Amazon shares, which CNBC notes was the primary time he bought firm inventory since 2021.
Bezos began Amazon in 1994 and is the corporate’s prime shareholder. He stepped down as CEO in 2021.
It is unclear why Bezos is promoting now, however uncertainty over tariffs and the market has different billionaires hoarding money. Plus, the Blue Origin founder’s lavish wedding ceremony to fiancée Lauren Sánchez is reportedly happening in Venice, Italy, subsequent month, although the couple has denied reviews that the occasion “of the century” might value greater than half a billion {dollars}.
Associated: Jeff Bezos-Backed Tesla Rival Launches an ‘Inexpensive’ and Customizable EV Truck. This is What It Appears to be like Like.
Bezos is at present the No. 2 richest particular person on the earth with a web value of $212 billion, in keeping with Bloomberg’s Billionaire Index. The vast majority of his wealth comes from his Amazon shares.
Amazon is the No. 4 largest firm on the earth as of press time, with a market cap of simply over $2 trillion.
