Jeff Bezos could regain title of world’s richest man as he sells $2 billion in Amazon shares

Jeff Bezos, the founder of Amazon, recently sold about 12 million Amazon shares worth approximately $2 billion. This was revealed in documents sent to the US Securities and Exchange Commission. The sale marks the first time Bezos has sold Amazon shares since 2021. Despite the exact reason for selling his shares being unknown, it is an opportune moment as Amazon’s share price has recently risen to its highest point since November 2021.

In addition to selling his shares, Bezos has also been recognized as the world’s richest person with a net worth of over $200 billion this year. This increase in wealth is due to the recent rise in Amazon’s stock price, which has pushed up Bezos’ net worth by more than $22 billion. As part of a plan to sell a total of 50 million Bezos shares, the sale is set to take place in parts and may close in January 2025. If successful, this sales plan could help Bezos overtake Elon Musk on Bloomberg’s billionaire index.

Aside from Bezos and Musk, Bernard Arnault, the managing director of French luxury goods manufacturer LVMH, also has a net worth of $191 billion and ranks third on Bloomberg’s billionaire index. The report on Jeff Bezos’ stock dealings was initially from Finland by STT and covered in Yle.

By Editor

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