On Wednesday and Thursday, Jeff Bezos sold 12 million Amazon shares at prices ranging from $168 to $171 each. This is his first stock sale since 2021, but he still owns more than 9% of the company. Despite selling a significant amount of shares, Bezos’ fortune remains at an estimated value of 195.5 billion dollars, making him the third richest person in the world.
In other news, Amazon released its financial results for the year ending February 1st, which exceeded expectations. The group achieved a turnover of 170 billion dollars, representing growth of 14% over one year, and a net profit of 10.6 billion. These impressive results led to a more than 13% increase in the company’s stock on the New York Stock Exchange.
It is important to note that these financial results are not related to any information regarding Jeff Bezos’ stock sales or his ownership stake in Amazon. However, it is worth mentioning that Amazon has been experiencing significant growth in recent years, which has undoubtedly contributed to its success as a company and its ability to generate strong financial results.