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Jeff Bezos Sold $12M In Amazon Stock Last Week

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Jeff Bezos sold 12 million shares of Inc. this week, the first time the billionaire has sold the company’s stock since 2021, according to a report by Fortune.

The sales netted slightly more than $2 billion, according to a filing. Amazon reported on Feb. 2 that Bezos plans to sell as much as 50 million shares of Amazon over the next 12 months That amount takes advantage of a recent stock surge that’s put Bezos in position of becomingthe world’s richest person.

He has $199.5 billion as of Friday, according to the Bloomberg Billionaires Index. Bezos has sold over $30 billion in shares since 2002, including about $20 billion combined in 2020 and 2021.

He has been generous, gifting stock shares worth roughly $230 million to nonprofit organizations in November. Amazon has not commented on this week’s stock sales.

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