(Bloomberg) — Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the primary time the billionaire has offered the corporate’s inventory since 2021.
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The gross sales befell on Wednesday and Thursday and netted simply over $2 billion, in accordance with a submitting.
Amazon disclosed on Feb. 2 that Bezos plans to promote as many as 50 million shares of Amazon over the following 12 months, doubtlessly cashing in on a inventory surge that’s put him inside attain of turning into the world’s richest particular person. His fortune has climbed $22.6 billion this 12 months to $199.5 billion as of Friday, in accordance with the Bloomberg Billionaires Index.
The Amazon founder has offered over $30 billion in shares since data going again to 2002, together with about $20 billion mixed in 2020 and 2021. He has primarily been gifting inventory, together with shares price roughly $230 million that got to nonprofit organizations in November.
Amazon, by means of a spokesperson, declined to remark.
–With help from Spencer Soper.
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