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Jeff Bezos sells more than $2 billion in Amazon stock for third time this month - TL;DR CNBC

Jeff Bezos sells more than $2 billion in Amazon stock for third time this month

Publishing timestamp: 2024-02-15 17:47:23


Summary

Jeff Bezos, the founder of Amazon, has sold approximately $2.03 billion worth of shares in his company over the past few days. This brings his total sales for the month to over $6 billion. Bezos has been liquidating a large chunk of Amazon stock this month, and he could potentially sell up to 50 million shares. This is the first time Bezos has sold Amazon stock since stepping down as CEO in May 2021. His move from Seattle to Miami could potentially save him hundreds of millions of dollars in taxes on share sales. Bezos is currently the world's third-wealthiest person with a net worth of $191.4 billion.


Sentiment: NEUTRAL

Tickers: AMZN

Keywords: businessapple incbusiness newstechnologyamazon.com incbreaking news: technologyjeff bezosmobile

Source: https://www.cnbc.com/2024/02/15/jeff-bezos-sells-over-2-billion-in-amazon-stock-third-time-this-month.html


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