On February 1, Amazon released its financial results for the year and they exceeded expectations. The group achieved a turnover of 170 billion dollars, representing growth of 14% over one year, and a net profit of 10.6 billion. These impressive results led to a more than 13% increase in the company’s stock on the New York Stock Exchange.
Despite these positive developments, Jeff Bezos recently sold about $2 billion worth of shares in Amazon, equivalent to around 1.8 billion euros. The stock exchange document sent on Friday states that Bezos sold 12 million Amazon shares on Wednesday and Thursday at prices ranging from $168 to $171 each. This is the first stock sale he has made since 2021, and he still owns more than 9% of the company.
It is worth noting that Jeff Bezos had previously announced his intention to sell up to 50 million shares of Amazon before January 31, 2025, with a market value of 8.4 billion dollars. However, it is unclear if this sale was part of that plan or if it was done for other reasons. Despite the recent stock sale, Bezos’ fortune remains estimated at an impressive 195.5 billion dollars, making him the third richest person in the world.