Jeff Bezos Has Sold More Than $10 Billion Worth Of Amazon Shares
Jeff Bezos Has Sold More Than $10 Billion Worth Of Amazon Shares. Jeff Bezos is widely known for being the founder and CEO of Amazon, the company is the world’s largest online retailer and a prominent cloud services provider. The company was originally a book seller but has expanded to sell a wide variety of consumer goods and digital media as well as its own electronic devices, such as the Kindle e-book reader, Kindle Fire tablet and Fire TV. Jeff Bezos has already sold more than $10 billion of Amazon stock through a pre-arranged trading plan he filed with the SEC. Bezos still owns more than 10% of the company he founded in 1996. In the 15 years since Amazon went public, he has sold about a fifth of the company for $2 billion.
In the 15 years after Amazon.com Inc. went public in 1997, Bezos sold about a fifth of the online retailer for roughly $2 billion. The value of his stake has surged to such an extent that now comparatively small reductions in his holdings are bringing in vastly larger amounts. Amazon stock is up 75% this year, driven by consumers needing to shop from home as the corona virus pandemic kept people away from physical stores, and the Seattle-based company is worth more than $1.6 trillion.
For a time in 2020, his net worth was over $200 billion. He was the richest man in the world from October 2017 to January 2021 when Elon Musk overtook him. Today, Amazon is worth more than $1.6 trillion. When he and his ex-wife MacKenzie Scott divorced in April 2019, he transferred 19.7 million shares to her as part of their epic divorce settlement.
MacKenzie’s shares at the time of the transfer were valued at $36 billion. Bezos married MacKenzie in 1993, three years before he founded Amazon. If she had received half of Jeff’s net worth, MacKenzie could have been given as much as $70 billion worth of stock and various other assets.
