Jeff Bezos watches from the sideline before kickoff of the Kansas City Chiefs vs. Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The founder and chairman of Amazon is one of the richest people in the world.
Cooper Neal | Getty Images Sports | Getty Images
Amazon founder Jeff Bezos has sold about $2.03 billion in company stock over the past few days. According to regulatory filingshis total sales this month exceeded $6 billion.
Bezos sold about 12 million Amazon shares on Tuesday and Wednesday at an average price of $169.50 each.
The sale was effected pursuant to a transaction plan that became effective in November. Bezos could ultimately sell up to 50 million Amazon shares, according to the company’s annual filing. Bezos sold about 12 million shares worth $2 billion between Friday and Monday, and sold another 12 million shares. a week before that.
This month’s sale marks Bezos’ first sale of Amazon stock since May 2021, when he stepped down as Amazon’s CEO, although Bezos gave away about $240 million in Amazon stock last year.
Bezos left Seattle for Miami in November, saying he wanted to be closer to his space exploration company, Blue Origin, and the family of his fiancée Lauren Sanchez. The move could also save him hundreds of millions of dollars in taxes on the sale of his shares.
Bezos has announced that he is currently the third richest person in the world with a net worth of $191.4 billion. forbes. His holdings in Amazon fell from 976.25 million shares to 952.26 million after selling them in February.
—CNBC’s Annie Palmer contributed to this report.
clock: Jeff Bezos sells $2 billion in Amazon stock
