The founder of the multinational plans to trade up to 50 million shares in the company over the next 12 months
The founder of Amazon, Jeff Bezos, sold 24 million shares valued at more than US$4 billion (around R$19.9 billion at current prices) in just 4 trading days. The businessman plans to trade up to 50 million shares of the company over the next 12 months.
The sales were disclosed through regulatory filings. However, Bezos has not yet said why he is selling shares at this time. The information is from Bloomberg.
Bezos has already announced that he is moving from Seattle, Washington, to Miami, Florida, where there is no tax on stock sales. According to the newspaper, this exchange of states would save Bezos around US$288 million so far with sales.
In August 2023, it was revealed that he had purchased an oceanfront mansion on Indian Creek Island, an artificial island in the Miami metropolitan area, also considered a “bunker” for millionaires in the region.
Jeff Bezos is currently the 3rd richest person in the world, according to Forbes survey. He has an estimated fortune of US$114 billion.
Bezos is behind only Bernard Arnault, president of LVMH, the world's largest luxury goods company, with US$211 billion, and Elon Musk, founder of SpaceX and CEO of Tesla, with US$180 billion.
#days #Bezos #sells #US4 #billion #worth #Amazon #shares