Kansas City, Missouri – Amazon founder Jeff Bezos has sold approximately $6 billion worth of Amazon shares in the past month, according to a recent regulatory filing. The sales mark the first time Bezos has sold Amazon stock since May 2021, when he stepped down as Amazon CEO.
Bezos sold about 12 million Amazon shares at an average price of $169.50 a share on Tuesday and Wednesday. The sales were executed under a trading plan that went into effect in November, and Bezos could ultimately sell up to 50 million shares of Amazon, according to the company’s annual filing. In addition to the recent sales, Bezos also sold 12 million shares between Friday and Monday, and another 12 million shares the week before that.
The move to sell his shares comes after Bezos announced in November that he would be leaving Seattle and moving to Miami. This decision was made to be closer to his space exploration company Blue Origin, as well as to his fiancee Lauren Sanchez’s family. The move also has the potential to save him hundreds of millions of dollars in taxes on the share sales.
Following the recent sales, Bezos’ net worth is estimated to be $191.4 billion, placing him as the world’s third-wealthiest person. His Amazon holdings have dipped to 952.26 million shares from 976.25 million shares after the February sales.
Overall, Bezos’ recent stock sales have garnered attention and speculation for their potential implications for both his personal finances and the future of Amazon. These developments represent a significant shift in his investment strategy and have sparked discussions about the potential impact on the company’s stock performance.