Amazon founder Jeff Bezos sold another significant portion of the e-commerce company’s shares. According to a recent regulatory filing (viewed by GeekWire), Bezos sold more than $3 billion worth of Amazon stock. The last sale of shares bringing the total for the year to more than $13 billion in Amazon stock he has already sold.
The recent sale involved more than 16 million shares and coincided with Amazon’s stock price approaching $200 per share, a level it last reached in July when Bezos made another sale major actions. This price level represents the highest valuation of Amazon stock since its listing in 1997 on the market. NASDAQ.
Although the reasons for Bezos’ continued stock sales remain unclear, they come as Amazon operates in a dynamic market and invests in new businesses. Bezos remains one of the richest people in the world, despite his continued divestment from Amazon stock.

Amazon increases Jeff Bezos’ net worth

Amazon’s stock prices also jumped 7% this week following the release of its third-quarter earnings report, which beat market expectations. This performance comes on top of strong growth in the company’s shares over the past year, with its shares up more than 40%.
The surge in Amazon’s stock price has also increased the net worth of founder Jeff Bezos, who currently ranks second (after the owner of X). Elon Musk and before Facebook founder Mark Zuckerberg) on ​​the Bloomberg Billionaires Index with a net worth of $222 billion. Bezos’ wealth increased by $42.8 billion year over year, largely due to the strong performance of Amazon stock.
Over the years, Bezos has sold Amazon stock to fund various projects and initiatives, including his space venture, Blue origin. In 2018, he also set the $2 billion budget Bezos Day One Fundwhich supports homeless families and early childhood education. According to a February proxy statement, Bezos owned approximately 10.8% of Amazon’s outstanding shares. He remains president of Amazon, but his attention is now focused on Blue Origin.