The founder and CEO of Amazon Jeff Bezos sold $756m of the stocks he holds in Amazon last week, according to a filing with US regulatory bodies.
That represents a sale of 1 million Amazon shares. Incidentally he still holds over 80 million stocks despite selling about $1.4 billions worth in the past 3 months. It’s a canny move because Amazon stock has been performing very well since the start of the year and has appreciated more than 45%. Amazon is now the fourth most valuable company in the United States.
Estimated to be worth $66.1bn, he’s now worth more than Warren Buffett, making him the third wealthiest person in the world according to Forbes. In the top spot is Microsoft’s Bill Gates with a net worth of $78.5bn. The world’s second richest person is Zara founder Amancio Ortega with $75.5bn.
Sub me a monkey, Jeff?
4 Responses
internet retailer mega don , i have so much respect for him , he had the vision 20 years ago when he could see the internet was going to be the next shopping platform
And so he retains his ‘vision’? Just saying.
Amazon is a remarkable company. One puzzle though is how they have kept the support of investors over the last 22 years, when shareholders have got back so little. Backers are rarely that patient.
Amazon’s stock price has gone up 40% since the start of the year… that will keep most shareholders happy.