Jeff Bezos Sells $863.5 Million in Amazon Stock, Total Sales Near $1.2 Billion as Stock Hits All-Time High

Jul 9, 2024, 08:26 PM

Jeff Bezos, the founder of Amazon, has sold $863.5 million worth of Amazon shares, bringing his total sales to nearly $1.2 billion in the last week. This sale is part of his plan to sell 25 million shares, of which he has approximately 19 million shares left to sell. Despite these significant sales, Amazon's stock has reached an all-time high. Bezos' net worth is approximately $215 billion, with $187 billion of that in Amazon stock, representing 87% of his net worth. This recent sale marks his first since February. Bezos has sold over $8.3 billion worth of Amazon shares so far this year. He previously sold $323 million worth of shares last week.