Amazon founder Jeff Bezos reportedly sold shares worth around $2.03 billion in the American e-commerce giant over the last two days.
This is his third stake sale in just a month, taking the total value to over $6 billion.
This time around, Bezos unloaded around 12 million shares of Amazon at an average price of $169.50 apiece, Moneycontrol reported.
Bezos had reportedly offloaded 12 million shares between February 9 and 12 and another 12 million in the week prior, taking the total number of shares sold to 36 million.
The stake sales are said to be part of the company’s trading plan which came into effect in November.
The company had earlier announced that Bezos was planning to offload up to 50 million shares of Amazon through the year.
This also marks the biggest and only stake sale done by the founder since 2021, the year when he stepped down from his position as the company’s CEO.
Last year, Bezos donated about $240 million worth of company shares for charity.
Bezos trims Amazon stake amid surge
The recent stake sales also brought Bezos’ holding in Amazon down to 952.26 million shares from 976.25 million shares earlier.
Incidentally, Bezos’ stake sale comes at a time when Amazon stocks were seeing a boom time on stock markets, surging about 73 percent over the past year.
Other tech biggies also seem to be using the recent surge in shares of technology companies as a means to pare some stake and make big cash.
Last week, Facebook co-founder Mark Zuckerberg unloaded $134 million worth of shares in the technology conglomerate Meta Platforms.
Follow us on
