Jeff Bezos Sells Over $200M in Amazon Shares, $13B in 2024

Nov 5, 2024, 09:35 PM

Jeff Bezos, the founder and Executive Chair of Amazon, has sold 1.07 million shares of Amazon stock at an average price of $200.07 per share, totaling approximately $213.8 million pre-tax. This sale is part of his Rule 10b5-1 trading plan and reduces his stake in the company to 926.4 million shares. Over the course of 2024, Bezos has sold a total of $13 billion worth of Amazon stock, making him the second richest person in the world. Despite these sales, Bezos still owns $185 billion worth of Amazon stock.