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Jeff Bezos sells roughly $2 billion of Amazon shares
Economic Times
·
1y ago
Medial
Amazon founder Jeff Bezos sold approximately 12 million shares of the company for around $2 billion, according to a recent filing. This follows Bezos' announcement of plans to sell up to 50 million shares over the next year. The sale took place last week and is part of a larger plan to sell shares by January 2025. Bezos, who recently transitioned to the role of executive chairman, is currently the second richest person in the world with a net worth of $200 billion.
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Jeff Bezos is selling 50 million Amazon shares this year — could this mean big changes to come?
Techradar
·
1y ago
Medial
Amazon founder Jeff Bezos plans to sell up to 50 million shares in the company before January 31, 2025. The shares, valued at around $8.6 billion, will be part of a previously outlined plan. Amazon shares rose 8% after strong quarterly earnings. Bezos remains an executive chairman for the company with 988 million shares and a net worth of $197 billion, making him the second wealthiest person globally. The decision to sell raises questions about Bezos's financial strategies and interests. He also sells around $1 billion in stock per year for his space ventures company, Blue Origin.
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Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world — again
Business Insider
·
1y ago
Medial
Jeff Bezos has sold 12 million shares of Amazon stock, worth $2 billion, in a move that could potentially make him the world's richest man again. This is part of a plan announced by Amazon earlier this year for Bezos to sell off 50 million shares. The surge in Amazon's stock this year has increased Bezos' estimated wealth by $22.6 billion. The sale also narrows the gap between Bezos and Elon Musk's net worth, making it possible for Bezos to overtake Musk and reclaim the title of the world's richest person.
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Jeff Bezos stake to come down to 8.8% after planned Amazon share sale worth $5 billion
Livemint
·
1y ago
Medial
Amazon founder Jeff Bezos plans to sell 25 million shares of the company, worth nearly $5 billion, after the stock reached a record high. This would decrease Bezos' stake to 8.8% of outstanding stock. Amazon share price hit an all-time high of $200.43 on Tuesday. Bezos sold approximately $8.5 billion worth of Amazon shares in February. As Bezos plans his sale, Amazon has announced it will discontinue its security robot, Astro for Business, and shift its focus to household robots.
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Jeff Bezos to sell up to 50 million Amazon shares by January 2025
Economic Times
·
1y ago
Medial
Jeff Bezos plans to sell up to 50 million Amazon shares by January 2025. This move by the Amazon CEO is part of his previously announced intention to fund his space exploration company, Blue Origin. The sale of shares, worth approximately $1.5 billion at the current stock value, is expected to provide the necessary funds for Bezos' ambitious space exploration goals.
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Elon Musk loses world’s richest person title to Jeff Bezos
Economic Times
·
1y ago
Medial
Elon Musk has lost his position as the world's richest person to Jeff Bezos after Tesla shares tumbled on Monday. Musk's net worth is now $197.7 billion, while Bezos holds a fortune of $200.3 billion. This change marks the first time Bezos has topped Bloomberg's ranking since 2021. The gap between Musk and Bezos has been narrowing as Amazon shares soar while Tesla shares decline. Musk's wealth may further decline after a Delaware judge invalidated his $55 billion pay package at Tesla. Bezos first became the world's richest person in 2017 but had been competing with Musk for the top spot last year.
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Jeff Bezos sells over $3 billion in Amazon shares, becomes 2nd richest person
Hindustan Times
·
9m ago
Medial
Jeff Bezos sold over $3 billion in Amazon shares, totaling more than $13 billion in 2024. With a net worth of $222 billion, he is the world's second-richest person. The stock sales follow Amazon's strong third-quarter earnings. Bezos also commented on the Washington Post's decision to stop endorsing presidential candidates, addressing media credibility concerns.
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Jeff Bezos sold Amazon shares worth $6bn this week. Internet has funny reasons..
Livemint
·
1y ago
Medial
Jeff Bezos, the founder of Amazon, has sold 36 million shares of the company totaling over $6 billion. This move follows his earlier announcement of intending to sell up to 50 million shares over the next year. The motive behind Bezos' decision remains undisclosed, but his recent relocation to Miami from Seattle, known for its lack of capital gains tax, may potentially save him around $288 million in taxes. Despite the sales, Bezos' fortune has surged to $199.5 billion, making him one of the world's richest individuals.
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Jeff Bezos sells Amazon shares worth $4 billion in 4 trading days
Livemint
·
1y ago
Medial
Amazon founder Jeff Bezos has sold 24 million of his company shares, making over $4 billion in the process. This is the first time Bezos has sold shares since 2021, and follows his announcement of a plan to sell up to 50 million shares in the next year. The sale comes after Amazon's stock price saw a 13% increase earlier this year, but slipped 2.2% following the last day of Bezos' share sales. Bezos' decision to move from Washington state to Florida, which does not impose a capital gains tax, could help him save an estimated $288 million in taxes.
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Jeff Bezos is just $8 billion away from overtaking Elon Musk to become the world's wealthiest person once more
Business Insider
·
1y ago
Medial
Amazon founder Jeff Bezos is closing in on overtaking Elon Musk as the world's wealthiest person, with just an $8 billion difference between them. Bezos has seen a rise of $20 billion in his estimated wealth, primarily due to a 13% increase in Amazon stock. In contrast, Musk's fortune has dropped by $24 billion, mostly due to a 24% decline in Tesla stock. Bezos is now just 4% behind Musk and could surpass him if Amazon continues to rise or Tesla continues to fall.
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Jeff Bezos is once again the world's richest person thanks to the Big Tech rally
Business Insider
·
1y ago
Medial
Amazon founder Jeff Bezos has reclaimed the title of the world's wealthiest person, with a net worth of $200 billion. This comes as a result of the sustained rally in Big Tech shares, driven by the artificial intelligence boom. Bezos, who owns about 9% of Amazon, saw his net worth rise as the company's stock climbed. He surpassed Tesla CEO Elon Musk, who had been the richest person for the past nine months. Musk and Bernard Arnault, chairman of LVMH, now hold the second and third positions on the Bloomberg Billionaires Index.
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