Amazon founder Jeff Bezos sold part of his company’s shares for the first time in two years. The businessman got rid of 12 million securities and received 2.04 billion dollars for it.
This was reported by Forbes USA with reference to documents filed with the United States Securities and Exchange Commission (SEC). The average cost per share was $170.21. The 12 million shares represent about 1% of Bezos’ Amazon shares.
CNN points out that Bezos chose the right time to sell shares: a year ago, on February 10, 2023, they were trading at $97.67 each, and now they cost more than $174. As the publication makes clear, by moving from Washington to Florida, a businessman will also be able to avoid capital gains tax.
Bezos remains Amazon’s largest individual shareholder, owning 9.4% of the company.
It previously emerged about the billionaire’s plans to sell up to 50 million Amazon shares by 2025. Since the e-commerce giant exited in 1997, Bezos has reduced his stake from 42%. However, in the summer of 2023, the businessman still bought one share for $115.
Author:
Akhmed Sadulaev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
