Amazon: Jeff Bezos sells shares worth two billion dollars

Amazon founder Jeff Bezos sold nearly $2 billion worth of shares in the online retail giant. This corresponds to approximately 1.8 billion euros, according to a stock exchange document sent on Friday.

Jeff Bezos sold 12 million Amazon shares on Wednesday and Thursday at prices ranging from $168 to $171 each, or 152 to 155 euros, according to a document sent to stock market regulators and consulted by AFP on Saturday. (Agence France Presse). According to the Associated Press, he gave away exactly 11,997,698 people.

This is the first stock sale he has made since 2021. Forbes recalls that Jeff Bezos still owns more than 9%, despite this week’s sale.

Turnover increased by 14% over the year

A previous stock market filing on Wednesday revealed Jeff Bezos’ intention to sell 50 million shares in July of the group he founded 30 years ago in 1994 and of which he is now president. The market value of these 50 million shares is $8.4 billion, or 7.63 billion euros. The second session should be held gradually until January 31, 2025.

The Amazon founder’s fortune is estimated by Forbes at $195.5 billion (€177 billion), making him the third richest person on the planet after Frenchman Bernard Arnault, CEO of the LVMH group (owner of Parisians and Parisians). Today in France”) and Elon Musk, head of Tesla, X (formerly Twitter) and SpaceX.

On February 1, Amazon released its financial results, which far exceeded expectations. The group achieved a turnover of $170 billion (€154 billion), representing an increase of 14% over the year. Net profit was $10.6 billion (€9.63 billion), thanks to faster deliveries and a particularly strong holiday season. The next day, shares jumped more than 13% on the New York Stock Exchange (USA).