Jeff Bezos sells about 12 million Amazon shares valued at roughly $2 billion, with more to come

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Jeff Bezos sells about 12 million Amazon shares valued at roughly $2 billion, with more to come
Jeff Bezos sells about 12 million Amazon shares valued at roughly $2 billion, with more to come

Jeff Bezos has filed a declaration with federal regulators stating that he sold roughly 12 million shares of Amazon stock for more than $2 billion.

Jeff Bezos submitted a declaration suggesting that he sold over 12 million shares of Amazon stock for more than $2 billion to federal regulators.

On February 7 and 8, the Amazon executive chairman notified the United States Securities and Exchange Commission of the sale of 11,997,698 shares of common stock.

According to the reported price totals, the total worth of Amazon’s shares was more than $2.04 billion. Amazon is situated in Seattle, where he launched the company in a garage almost three decades ago.

The equities were divided into five blocks, ranging from one million to more than 3.2 million.

In a second SEC filing, Bezos disclosed the proposed sale of 50 million Amazon shares on February 7, with an estimated market value of 8.4 billion.

Bezos stepped down as CEO of Amazon in 2021 to focus on his other endeavors, which include the rocket company Blue Origin and his philanthropy. His residence on the stock filings is indicated as Seattle, although he apparently relocated to Miami.

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