Jeff Bezos to sell $5 billion in Amazon stock after shares hit all-time high
Why did Jeff Bezos decide to sell $5 billion in Amazon stock?
Jeff Bezos decided to sell $5 billion in Amazon stock after the shares hit an all-time high of $200.43. The sale is part of a trading plan he adopted in November to sell off about 50 million shares by January 31, 2025. Bezos, who remains Amazon's largest shareholder with over 900 million shares, has been focusing on philanthropy and his rocket company, Blue Origin, since stepping down as CEO in 2021.
What was Amazon's stock price when Bezos announced his sale?
Amazon's stock price reached an all-time high of $200.43 on the day Jeff Bezos announced his plan to sell 25 million shares worth nearly $5 billion6.
How many Amazon shares does Bezos plan to sell?
Jeff Bezos plans to sell 25 million Amazon shares, worth nearly $5 billion, after the stock hit a record high of $200.43. This sale follows his previous sale of about $8.5 billion worth of Amazon shares in February. After this share sale, Bezos will still hold over 900 million Amazon shares, maintaining his position as the company's largest shareholder.