Amazon founder Jeff Bezos sold more than $3 billion worth of Amazon stock, according to a regulatory filing disclosed Friday. That brings its total Amazon stock sales for 2024 to more than $13 billion.

Bezos sold more than 16 million shares as Amazon’s stock again approached $200 per share, reaching that level in July when Bezos also sold shares. This is the stock’s highest value since Amazon’s NASDAQ debut in 1997, Geek Wire reported.

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The sale follows Amazon’s strong third-quarter earnings report, which exceeded expectations.

With a net worth of $222 billion, Bezos ranks as the second-richest person on the Bloomberg Billionaires Index, up $42.8 billion year-over-year on the performance Amazon stock market. Elon Musk continues to dominate the top spot.

As of February, Bezos owned approximately 10.8% of Amazon’s outstanding shares.

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Separately, Bezos, who also owns the Washington Post, commented on the newspaper’s recent decision to stop supporting presidential candidates, saying it responded to a “credibility deficit” in the media industry.

In an essay published on the Post website, Bezos said: “Most people think the media is biased. Anyone who does not realize this pays little attention to reality.”

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He clarified that the Post’s decision was not related to former President Donald Trump’s meeting with executives from Blue Origin, one of Bezos’ companies, which took place the same day. According to Bezos, the meeting was arranged quickly and without his knowledge.

“I sighed when I found out, because I knew it would provide ammunition to those who wanted to present this as anything other than a decision in principle,” he wrote.