Jeff Bezos Offloads More Than $3 Billion in Amazon Stock, Retains Title of Second-Richest Individual
Jeff Bezos, the founder of Amazon, has made headlines once again as he sold more than $3 billion worth of Amazon shares, according to a recent regulatory filing. This move has contributed to his total Amazon stock sales exceeding $13 billion in 2024 alone. The latest sale involved over 16 million shares, coinciding with Amazon’s stock price nearing $200 per share—its highest level since the company’s initial public offering (IPO) in 1997.
Jeff Bezos, the founder of Amazon, has made headlines once again as he sold more than $3 billion worth of Amazon shares, according to a recent regulatory filing. This move has contributed to his total Amazon stock sales exceeding $13 billion in 2024 alone. The latest sale involved over 16 million shares, coinciding with Amazon’s stock price nearing $200 per share—its highest level since the company’s initial public offering (IPO) in 1997.
Following Amazon’s impressive third-quarter earnings report, which surpassed market expectations, Bezos capitalized on the stock’s favorable performance. As of now, his net worth stands at an astounding $222 billion, making him the second-richest person globally, according to the Bloomberg Billionaires Index. His wealth has increased by $42.8 billion year-over-year, driven by Amazon’s stock resurgence. Elon Musk retains the title of the world’s richest person.
In February, Bezos owned approximately 10.8 percent of Amazon’s outstanding shares, a significant stake that reflects his long-term commitment to the company he founded in 1994.
In related news, Bezos, who also owns The Washington Post, addressed the newspaper’s recent decision to cease endorsing presidential candidates. He emphasized that this move aims to bridge the “credibility gap” prevalent in the media landscape. In an essay published on The Post’s website, Bezos remarked, “Most people believe the media is biased. Anyone who doesn’t see this is paying scant attention to reality.”
Furthermore, he clarified that the decision was unrelated to a recent meeting between former President Donald Trump and executives from Blue Origin, one of Bezos’s other ventures. He expressed frustration upon learning of the meeting, stating, “I sighed when I found out, because I knew it would provide ammunition to those who would like to frame this as anything other than a principled decision.”
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