Jeff Bezos sold $ 2.4 billion in shares of Amazon.com Inc., bringing the amount settled this week to nearly $ 5 billion.
Bezos sold 739,032 shares under a pre-established trading plan, according to documents filed with the United States Securities and Exchange Commission, days after he sold an identical amount. The mogul said in another document earlier this week that he plans to sell up to 2 million shares.
According to the Bloomberg Billionaires Index, the world’s richest person still owns more than 10% of Amazon, the main source of his $ 192.1 billion fortune.
In the 15 years since Amazon.com went public in 1997, Bezos sold about one-fifth of the online retailer for about $ 2 billion. The value of your stake has grown so much in recent years that you can now sell relatively small amounts for billions of dollars. Last year, it sold shares worth more than $ 10 billion.
Amazon recovered 76% in 2020 amid the covid-19 pandemic, which encouraged online shopping. The stock is up 1.1% this year.
Amazon’s founder has used the stock sales to fund aviation company Blue Origin, while pledging $ 10 billion to the Bezos Earth Fund to help mitigate the effects of climate change.
Bezos will also get a superyacht to be built in the Netherlands that will be 127 meters long, have multiple decks and three massive masts.
The biggest hit to Bezos’ wealth came after his divorce from MacKenzie Scott, who received a 4% stake in Amazon as part of the split.