Jeff Bezos seems on from the sidlines earlier than kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The Amazon founder and chairman is likely one of the world’s richest males.
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Amazon founder Jeff Bezos bought roughly $2.03 billion of shares in his firm over the previous few days, according to a regulatory filing, bringing his whole gross sales this month to over $6 billion.
On Tuesday and Wednesday, Bezos bought about 12 million Amazon shares at a median worth of $169.50 a share.
The gross sales had been executed below a buying and selling plan that went into impact in November. Bezos may finally promote as much as 50 million shares of Amazon, in line with the corporate’s annual submitting. Bezos sold about 12 million shares, worth $2 billion, between Friday and Monday, and bought one other 12 million shares the week before that.
The gross sales this month mark the primary time Bezos has bought Amazon stock since May 2021, the yr he stepped down as Amazon CEO, though he gifted about $240 million in Amazon shares final yr.
In November, Bezos mentioned he would leave Seattle and move to Miami, permitting him to be nearer to his house exploration firm Blue Origin, in addition to to the household of fiancée Lauren Sanchez’s household. The transfer will even probably save him hundreds of millions of dollars in taxes on the share gross sales.
Bezos is at present the world’s third-wealthiest particular person, with a web price of $191.4 billion, in line with Forbes. His Amazon holdings have dipped to 952.26 million shares from 976.25 million shares after his February gross sales.
— CNBC’s Annie Palmer contributed to this report.