In line with a Friday monetary submitting, Amazon founder Jeff Bezos is promoting as much as 25 million shares of Amazon inventory over the subsequent 13 months.
The shares are price about $4.8 billion on the present worth.
Associated: Jeff Bezos Nonetheless Makes use of One of many Well-known Amazon ‘Door Desks’ From the ’90s — Here is Why
Final 12 months, Bezos bought $13.5 billion price of Amazon shares, which CNBC notes was the primary time he bought firm inventory since 2021.
Bezos began Amazon in 1994 and is the corporate’s high shareholder. He stepped down as CEO in 2021.
It is unclear why Bezos is promoting now, however uncertainty over tariffs and the market has different billionaires hoarding money. Plus, the Blue Origin founder’s lavish marriage ceremony to fiancée Lauren Sánchez is reportedly going down in Venice, Italy, subsequent month, although the couple has denied stories that the occasion “of the century” may price greater than half a billion {dollars}.
Bezos is presently the No. 2 richest individual on this planet with a internet price of $212 billion, in response to Bloomberg’s Billionaire Index. The majority of his wealth comes from his Amazon shares.
Amazon is the No. 4 greatest firm on this planet as of press time, with a market cap of simply over $2 trillion.
