Jeff Bezos swiftly carried out his plan, announced earlier this month, to sell off 50 million shares in Amazon, valued at roughly $8.5 billion.
Jeff Bezos.
Cooper Neill/Getty Images
Jeff Bezos has finished selling off 50 million shares in Amazon.
The Amazon cofounder disclosed plans to offload the shares, worth roughly $8.5 billion.
His last big Amazon selling spree was in 2021 when he prepared to step down as CEO.
Jeff Bezos has finished selling off 50 million shares in Amazon days after he announced plans to do so.
Earlier this month, it was disclosed that the Amazon founder and executive chairman intended to offload up to 50 million shares, worth roughly $8.5 billion, before January 31, 2025. It turns out he didn't need anywhere near all that time: He wrapped up his sell-off of exactly 50 million shares in just nine trading days this month, securities filings show.
At the end of December, Bezos owned 988 million shares, or just under 10% of Amazon, according to the company's proxy statement. At today's share price, that stake is worth more than $165 billion.
Bezos still has about 938 million shares in Amazon after his sell-off.
Bezos' net worth is $191 billion, according to the Bloomberg Billionaires Index.
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