Jeff Bezos Just Sold Billions Worth Of Amazon Stock—For The Second Time This Week – Amazon News

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Jeff Bezos

Jeff Bezos

AFP via Getty Images

After staying put with his Amazon stock all year, the e-commerce and cloud computing giant’s founder Jeff Bezos completed his second stock sale in the same week, according to filings to the Securities and Exchange Commission. The outgoing Amazon CEO sold more than $2.4 billion worth of Amazon shares, bringing his one-week total to $4.9 billion.

Bezos sold nearly 740,000 shares worth $2.5 billion on Monday and Tuesday, in his first sale of Amazon stock since Election Day last year. According to five SEC documents, he did the same thing on Wednesday and Thursday, selling another 740,000 shares to net $1.9 billion after taxes, based on Forbes estimates. He also took home $1.9 billion from his early week sale (to be more precise, he gained about $40 million less in the second sale, owing to slight movements in Amazon’s stock price).

Bezos is now worth $191.7 billion, Forbes estimates, a slight drop from his $192.6 billion net worth after the stock sales earlier this week. He remains the richest person in the world, more than $9 billion ahead of No. 2, LVMH’s Bernard Arnault.

The tech tycoon’s stock sales this year are now halfway to his 2020 mark, when he sold $10 billion worth of shares. As before, the sales come as part of a routine plan to unload shares in compliance with SEC requirements. As of Friday, he maintains a 10.3% stake in Amazon.

Outside of Amazon, Bezos’ activity in his other investments has ramped up in recent years. Last November, he announced a $791 million gift to 16 organizations that are fighting climate change. The donation kicked off his Bezos Earth Fund, a pledge he made in early 2020 to give $10 billion in total to combat climate change. As of 2017, Bezos was also spending $1 billion of his own money each year to fund his space exploration firm Blue Origin. The company is among the ventures Bezos said he would spend more time focusing on after he steps down from his leadership role at Amazon in the third quarter of 2021—others include the Earth Fund, his Day 1 Fund, which helps struggling and homeless families, and the Washington Post newspaper, which he owns.

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Kenrick Cai

I am a San Francisco-based wealth reporter, primarily covering tech billionaires. Before that, I was an assistant editor for innovation, and wrote about startups and

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