Amazon founder Jeff Bezos dumps one other £1.9bn of shares
Amazon founder Jeff Bezos has vowed to promote 50m shares over the subsequent 12 months
Amazon founder Jeff Bezos has dumped one other £1.9billion of shares – bringing the whole worth of inventory offered this month to £6.7billion.
The tycoon, 60, who based the group in 1994, has offered 14m Amazon shares this week alone, so as to add to the three tranches of shares he has offered for £4.8billion.
Bezos, the world’s second-richest individual, value an estimated £154billion, has vowed to promote 50m shares over the subsequent 12 months.
Before the current flurry, he final offered shares in 2021, the 12 months he stepped down as chief government.
He has additionally given away Amazon inventory as a part of his charity efforts, most just lately in 2022.
Shares within the tech behemoth are up practically 1 / 4 prior to now six months and have been lifted by a bumper Christmas for buying and selling.
Sales hit £451billion in 2023, which was up from £403billion in 2022, and within the Christmas quarter reached £133billion. Bezos stays the largest shareholder and Amazon’s government chairman.
Since stepping down as chief government, Bezos has been specializing in an area enterprise referred to as Blue Origin.
In October, he mentioned he was transferring to Miami from Seattle to be close to his dad and mom and Blue Origin’s operations.
It is known that may reportedly save him a whole bunch of hundreds of thousands of {dollars} in taxes.
Bezos additionally owns The Washington Post newspaper.
