Jeff Bezos sold $ 2.4 billion in shares of Amazon.com Inc., bringing the amount settled this week to nearly $ 5 billion.
Bezos sold 739,032 shares under a pre-established trading plan, according to documents filed with the US Securities and Exchange Commission, days after he sold an identical amount. The mogul said earlier this week in another document that he plans to sell up to 2 million shares.
The world’s richest person still owns more than 10% of Amazon, the main source of his $ 192.1 billion fortune, according to the Bloomberg Billionaires Index.
In the 15 years after Amazon.com went public in 1997, Bezos sold about a fifth of the online retailer for roughly $ 2 billion. The value of your stake has exploded in recent years to such an extent that you can now sell relatively small amounts for billions of dollars. Last year it sold shares worth more than $ 10 billion.
Amazon rebounded 76% in 2020 amid the covid-19 pandemic, which encouraged online shopping. The stock is up 1.1% this year.
The Amazon founder has used the stock sales to finance the aerospace company Blue Origin, while he has committed $ 10 billion to the Bezos Earth Fund to help counter the effects of climate change.
Bezos will also receive a superyacht being built in the Netherlands, which will be 127 meters long, will feature multiple decks and will have three huge masts.
The biggest hit to Bezos’ wealth came after his divorce from MacKenzie Scott, who received a 4% stake in Amazon as part of the split.