Jeff Bezos has been continuously selling Amazon shares.

In just two weeks, the Amazon founder sold tens of millions of company shares, raking in over $6 billion.

According to Amazon's filing with the U.S. Securities and Exchange Commission (SEC), founder Jeff Bezos recently sold an additional $2.03 billion worth of Amazon stock. The sales took place on February 13th and 14th, totaling 12 million shares.

Last weekend, Bezos sold 12 million Amazon shares worth $2 billion. He had done the same a few days earlier. Therefore, this month alone, the billionaire has sold Amazon shares three times, raking in over $6 billion.

On February 2nd, Bezos announced that he had planned since late last year to sell approximately 50 million shares over the next 12 months. The estimated value of this is around $8.4 billion. This month also marks the first time since 2021 that Bezos has sold Amazon stock.

Jeff Bezos at an event in the UK in 2021. Photo: Reuters

Since the beginning of the year, Amazon's stock has risen 13%. Over the past year, the stock has increased by 73%. Amazon's stock surged as the company announced better-than-expected fourth-quarter 2023 earnings, driven by the holiday shopping season. Revenue increased 14% to $170 billion, and profits also soared to $10 billion.

The Amazon founder has sold more than $30 billion worth of Amazon stock since 2002. Of that, he sold approximately $20 billion worth in 2020 and 2021 alone. This has served a variety of purposes, from funding his aerospace company Blue Origin to purchasing the $500 million superyacht Koru.

Bezos is currently the world's third richest person, with a net worth of $191.4 billion, according to Forbes . After three rounds of sales, the billionaire's holdings of Amazon stock have dwindled to just 952 million units.

In November 2023, Bezos announced he would be leaving Seattle to live in Miami. This would bring him closer to the headquarters of his aerospace company, Blue Origin, and also closer to his girlfriend Lauren Sanchez's family. Observers believe the move will also save him hundreds of millions of dollars in taxes from the sale of his stock.

Ha Thu (according to Reuters, CNBC)

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