Amazon CEO Jeff Bezos sold 24 million shares valued over $4 billion, up from 2022. For his philanthropy, Bezos will sell at least 50 million shares over the next year, under certain conditions.
Recent reports say Jeff Bezos sold 24 million Amazon shares. The sold shares were worth almost $4 billion. A regulatory filing on February 9 reported the initial 12 million share sale, followed by another on Tuesday.
In 2022, Bezos donated Amazon shares. Last sold Amazon shares in 2021. He sold Amazon shares after they rose roughly 70% in a year, the article said.
The company said this month that Bezos will sell at least 50 million Amazon shares over the next year.
Amazon’s executive chair, Jeff Bezos, filed with the SEC to sell up to 50 million shares.
The petition states that the transactions will occur “over a period” concluding January 25, “subject to certain conditions,” Fox Business adds.
On his 60th birthday, Bezos controls roughly one billion Amazon shares. Seven other prominent Amazon officials planned to sell shares, according to the SEC filing.
Conclusion
Apparently, Amazon founder Jeff Bezos sold 24 million shares worth over $4 billion for charity. Bezos’ Amazon share sales rose over 70% last year. Amazon aims to sell 50 million shares over the next year under certain conditions. Bezos controls roughly 1 billion Amazon shares.
