Amazon Founder Jeff Bezos Sells $666 Million Of Company Stock
Amazon (AMZN) founder Jeff Bezos has sold nearly three million shares of the e-commerce company’s stock, worth $665.8 million U.S.
A regulatory filing with the U.S. Securities and Exchange Commission (SEC) shows that Bezos has been unloading Amazon stock since the beginning of July.
The latest stock sale is part of a plan announced earlier this year that will see Bezos sell up to 25 million shares of Amazon stock through May 2026.
Bezos, who stepped down as Amazon’s chief executive in 2021, sold $736.7 million U.S. of stock during the final days of June this year.
The latest stock sale comes shortly after Bezos’ $50 million U.S. high-profile wedding to Lauren Sanchez in Venice, Italy.
The wedding was a star-studded affair with celebrities such as Bill Gates and Oprah Winfrey in attendance.
Despite the latest stock sales, Bezos still has more than 900 million shares of Amazon valued at close to $200 billion U.S.
Jeff Bezos remains the largest shareholder of Amazon and continues to serve as the company’s board chairman.
AMZN stock is flat on the year (down 0.39%) and trading at $219.36 U.S. per share.
