Jeff Bezos is selling Amazon shares. A gigantic amount. This is another such move

The sale of Amazon shares is the third operation of this type carried out by Jeff Bezos last week. Earlier, he sold packages for USD 4 billion, so he earned a total of USD 6 billion on the company’s shares. And that’s not over yet.

Jeff Bezos plans to sell 50 million Amazon shares

According to , Amazon reported in February that Bezos – whose fortune is estimated at over $190 billion – plans to sell up to 50 million Amazon shares by the end of January 2025 through broker Morgan Stanley. Bezos is still Amazon’s largest shareholder, with a stake of about 9%.

“Bezos began selling Amazon shares on February 7, as part of a previously agreed plan to sell up to 50 million Amazon shares by the end of January 2025. So far, he has sold about 36 million shares – about 12 million in each tranche,” we read on the website.

Amazon’s shares have grown significantly recently

Shares of Jeff Bezos’ company have gained significantly recently. Perhaps the billionaire is simply realizing gigantic profits. Amazon’s valuation increased by about 12%. since the beginning of this year, and in total it is an increase of 68%. in the last 12 months. “Last week, news broke that Jeff Bezos sold Amazon shares for $2 billion, and since 2020 he has already sold a total of $20 billion worth of shares. What does Bezos do with such a lot of money? It turns out that he mainly helps charities according to with a promise that… before his death he intends to give away most of his wealth to others,” wrote investor Tomasz Trela ​​on the X platform.

Last November, Jeff Bezos . He then announced that . He first mentioned it in 2021, when he left his position as CEO of Amazon. He then admitted that he wanted to give away his fortune during his lifetime. He emphasized that most of the funds would be spent on fighting climate change and supporting people who can “unite humanity in the face of deep social and political divisions.”