Jeff Bezos Divested $2.7 billion worth of Amazon shares in Initial Significant Transaction

Jeff Bezos sold 12 million shares of Amazon.com this week, marking the first instance of the billionaire disposing of the company’s stock since 2021. The transactions occurred on February 7 and 8, yielding just over US$2 billion (S$2.7 billion), as reported in a filing.

On February 2, Amazon revealed Bezos’ intention to offload up to 50 million shares of the company over the following year. This move could capitalize on a surge in stock value, potentially propelling him toward becoming the world’s wealthiest individual. As of February 9, his fortune has increased by US$22.6 billion this year, reaching US$199.5 billion, according to the Bloomberg Billionaires Index.

Since records dating back to 2002, the Amazon founder has divested over US$30 billion in shares, with approximately US$20 billion being sold between 2020 and 2021. Notably, he has predominantly engaged in stock gifting activities, including donating shares valued at approximately US$230 million to nonprofit organizations in November.

On February 2, Amazon revealed Bezos’ intention to offload up to 50 million shares of the company over the following 12 months, potentially capitalizing on a surge in stock value that has positioned him close to becoming the world’s wealthiest individual. His fortune has increased by $22.6 billion this year, reaching $199.5 billion as of Friday, according to the Bloomberg Billionaires Index.

Since records dating back to 2002, the Amazon founder has divested shares worth over $30 billion, with approximately $20 billion being sold between 2020 and 2021. Notably, he has predominantly engaged in stock gifting activities, including donating shares valued at roughly $230 million to nonprofit organizations in November.