Jeff Bezos Sells About $1.8 Billion Worth Of Amazon Shares In Three Days

United States News News

Jeff Bezos Sells About $1.8 Billion Worth Of Amazon Shares In Three Days
United States Latest News,United States Headlines
  • 📰 Forbes
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 53%

New filings show that Jeff Bezos unloaded slightly more than 900,000 Amazon shares. The documents appear to indicate that the richest man on Earth has transferred 25% of his Amazon stake to his ex-wife as part of their divorce settlement by AngelAuYeung

On Wednesday evening, hours after the stock markets had closed, Amazon founder and chief executive Jeff Bezos filed paperwork with the Securities Exchange Commission which showed he had sold $1.8 billion worth of Amazon shares over the final three days of July. After taxes, he will net about $1.4 billion.

Bezos sold slightly more than 900,000 shares of Amazon between July 29 and July 31, when the e-commerce behometh’s stock price was around $1,900 a share. His net worth is now $115 billion, using Wednesday's closing share price.The new filings also show that Bezos has given his ex-wife MacKenzie 25% of his Amazon stake, or 19.7 million shares. Jeff Bezos will continue to exercise voting control over the 19.

Jeff Bezos has sold large chunks of Amazon stock before, but this appears to be the largest sale, measured in dollars. Bezos sold Amazon stock worth $1.7 billion in 2017 in two separate transactions in May and November of that year. It was reported that Bezos planned to sell $1 billion worth of stock every year to fund Blue Origin, his space exploration company.

A spokesman for Amazon has not responded to requests for comment regarding the purpose of Bezos’ latest stock sale. Bezos has done little in terms of philanthropy so far. In September 2018, he announced the Bezos Day One Fund, a $2 billion pledge for two causes: helping homeless families find shelter and creating Montessori-inspired preschools in the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jeff Bezos Sells About $1.8 Billion Worth Of Amazon Shares In Three DaysJeff Bezos Sells About $1.8 Billion Worth Of Amazon Shares In Three DaysNew filings show that the Amazon founder and CEO unloaded slightly more than 900,000 shares. The documents also indicate that the richest man on Earth has transferred 25% of his Amazon stake to his ex-wife as a part of their divorce settlement.
Read more »

Top Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leaveTop Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leaveTop Amazon executive Jeff Blackburn, head of entertainment and advertising, is reportedly taking a 1-year sabbatical
Read more »

Top Amazon Exec Jeff Blackburn to Take One Year BreakTop Amazon Exec Jeff Blackburn to Take One Year BreakThe head of Amazon’s entertainment, business development and advertising businesses is going on a sabbatical with his wife and extended family.
Read more »

Senior Amazon Media Exec Jeff Blackburn to Take Year-Long SabbaticalSenior Amazon Media Exec Jeff Blackburn to Take Year-Long SabbaticalAmazon senior vice president Jeff Blackburn is about to take some time off next year: Blackburn will embark on a one-year sabbatical, he revealed in an email to staff Wednesday. “It’s never easy to…
Read more »

Key Amazon Exec Who Oversees Video Streaming Taking Leave Of AbsenceKey Amazon Exec Who Oversees Video Streaming Taking Leave Of AbsenceJeff Blackburn, who as Amazon’s SVP Business and Corporate Development is the key executive overseeing the company’s streaming service and is seen as one of Jeff Bezos’ core advis…
Read more »

Jeff Bezos just cashed in $1.8 billion worth of Amazon shares, in what could be his biggest stock sell-off everJeff Bezos just cashed in $1.8 billion worth of Amazon shares, in what could be his biggest stock sell-off everJeff Bezos' sale of 965,612 shares represented 1.6% of his total holding in Amazon, according to filings with the Securities and Exchange Commission.
Read more »



Render Time: 2025-03-20 11:02:20