Jeff Bezos sells $3 billion in Amazon shares, ranks as second-richest man in the world
Jeff Bezos recently sold over $3 billion worth of Amazon shares, adding to a total of $13 billion in stock sales this year. A regulatory filing obtained by GeekWire reveals that this latest transaction involved more than 16 million shares. The timing aligns with Amazon's stock price nearing $200 per share, a level it last achieved in July 2024, when Bezos also executed a major sale.
This price point represents Amazon’s highest since it was listed on NASDAQ in 1997. As Amazon’s stock gained more than 40% over the past year, its recent third-quarter earnings report fueled a 7% rise just last week, surpassing market expectations and boosting investor confidence.
Amazon’s Strong Market Performance Increases Bezos’s Wealth
Driven by Amazon’s stock rally, Bezos’s net worth has increased by $42.8 billion year-over-year, elevating him to the second position on the Bloomberg Billionaires Index, with a total valuation of $222 billion. His wealth sits behind only Elon Musk and above that of Meta’s Mark Zuckerberg.
Bezos continues to hold a significant stake in Amazon, with a February 2024 proxy statement indicating he controls about 10.8% of the company’s outstanding shares. Although he stepped down as Amazon's CEO in 2021, he remains its chairman, while his focus has increasingly shifted to his other ventures.
Bezos Funds New Ventures and Philanthropy Through Stock Sales
Historically, Bezos has sold Amazon stock to support various projects, including Blue Origin, his private aerospace company that focuses on space
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