As to the latest stock market filings, Jeff Bezos, the founder of Amazon, has divested almost $2 billion worth of shares in the online distribution behemoth. Documents submitted to stock market regulatory bodies on Friday state that Bezos sold around 12 million Amazon shares between $168 and 171 a share on Wednesday and Thursday.
His plan to sell 50 million shares of the company he created 30 years ago—of which he currently serves as executive chairman—was revealed in a previous stock market document released on Wednesday.
Bezos’s fortune is estimated by Forbes at $195.5 billion, making him the third richest man on the planet, behind Frenchman Bernard Arnault, CEO of the LVMH group and Elon Musk, the boss at Tesla, Twitter and SpaceX. On February 1, Amazon revealed its latest financial results, which were significantly better than anticipated.
The internet giant’s $170 billion sales turnover and $10.6 billion net profit were fueled by quicker deliveries and an exceptionally prosperous holiday season.
The New York Stock Exchange saw a more than 13 percent increase in Amazon stock the following day.
