Amazon: Jeff Bezos sells two billion dollars worth of shares

Amazon: Jeff Bezos sells two billion dollars worth of shares

The founder of Amazon, Jeff Bezossold approximately $2 billion worth of shares of the online distribution giant. This corresponds to around 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 an oscillating price between 168 and 171 dollars each, or between 152 and 155 euros, according to this document sent to the stock market regulatory authorities, and consulted on Saturday by AFP (Agence France presse). He gave away precisely 11,997,698, according to Associated Press.

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

A turnover up 14% over one year

A previous stock market document, published on Wednesday, reported Jeff Bezos’ intention to sell, in July, 50 million shares of the group he founded 30 years ago, in 1994, and of which he is today today president. The market value of these 50 million shares is 8.4 billion dollars, or 7.63 billion euros. This other session should be carried out gradually before January 31, 2025.

The fortune of the founder of Amazon is estimated by Forbes at 195.5 billion dollars (177 billion euros), making him the third richest man on the planet, behind the Frenchman Bernard Arnault, CEO of the group LVMH (owner of “Parisien” and “Today in France”), and Elon Muskboss of Tesla, X (ex-Twitter) and even SpaceX.

Amazon released its financial results on February 1, which far exceeded expectations. The group achieved a turnover of 170 billion dollars (154 billion euros), representing growth of 14% over one year. Net profit was 10.6 billion (9.63 billion euros), driven by faster deliveries and a particularly successful holiday season. The stock jumped more than 13% the next day on the New York Stock Exchange (United States).

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