Jeff Bezos Sells Billions

Jeff Bezos, the founder of Inc., recently sold approximately 12 million shares of the online retail and cloud services giant for roughly $2 billion, according to a company filing. This significant transaction marks the first major sale of Amazon stock by Bezos since 2021.

The sale comes at a time when Bezos has been diversifying his investments and focusing on other ventures, including his space exploration company, Blue Origin, and various philanthropic efforts. While the specific reasons behind this particular sale have not been detailed by Bezos, it aligns with his past actions of liquidating portions of his Amazon stock to fund these other initiatives.

As of the latest reports, Bezos remains one of the largest individual shareholders of Amazon, owning just under 10% of the company according to Forbs. He founded the company in 1994 and led to become one of the most valuable and influential tech companies in the world. Despite stepping down as CEO in 2021 to assume the role of executive chairman, Bezos continues to play a significant role in the company’s strategic direction.

This stock sale is part of a broader trend observed among tech billionaires, who periodically sell shares of their companies to reallocate assets or fund their other business and philanthropic ventures.

Let’s hope he uses the money for a good cause and not yet another mega yacht…

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