Jeff Bezos unloads round $2.4 billion in Amazon inventory

Amazon founder and govt chairman Jeff Bezos unloaded greater than 14 million shares of his firm valued at roughly $2.4 billion, bringing the whole bought for the reason that begin of the month to 50 million.

The gross sales started late final week and continued by means of Tuesday, in line with a securities filing. In complete, Bezos bought 14,006,906 shares within the firm for about $2.37 billion, the submitting states.

The gross sales have been executed below a prearranged buying and selling plan that Bezos adopted in November and disclosed earlier this month, which mentioned he might promote as much as 50 million Amazon shares earlier than Jan. 31, 2025.

Bezos sold about 12 million Amazon shares, price roughly $2.03 billion, final week, along with another tranche of 12 million shares simply days earlier than. He unloaded one other 12 million shares the week before that.

Bezos hadn’t bought Amazon’s inventory since May 2021, the 12 months he stepped down as Amazon’s CEO, previous to the newest flurry of gross sales. He gifted about $240 million price of Amazon shares final 12 months.

Bezos’ inventory gross sales have accelerated since he announced final November he would go away Seattle and transfer to Miami, permitting him to be nearer to fiancée Lauren Sanchez and his dad and mom, in addition to Blue Origin’s operations.

Clarification: This story has been up to date to replicate that Bezos unloaded round $2.4 billion in inventory