- Jeff Bezos is expected to be “aggressive” in selling more Amazon stock on Tuesday, sources told CNBC’s David Faber.
- Sources told Faber that Bezos may sell as many as 8 to 10 million shares, which could amount to nearly $1 billion worth of stock.
- This comes after Bezos last week unloaded $240 million worth of Amazon stock.
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Jeff Bezos is expected to be “aggressive” in selling more Amazon stock on Tuesday, sources told CNBC’s David Faber.
Sources told Faber that Bezos may sell as many as 8 to 10 million shares, which could amount to more than $1 billion worth of stock.
Amazon shares fell by about 2.6%.
This comes after Bezos last week unloaded $240 million worth of Amazon shares, according to what the British newspaper “Daily Mail” reported. Financial deposits. The transactions were classified as contributions to nonprofit organizations, the filing said.
It is not clear to whom Bezos donated the shares. A representative for Bezos did not immediately respond to a request for comment.
Bezos – He is the third richest person in the world, with a net worth of about $170 billion, according to Bloomberg He still owns about 988 million Amazon shares, which is equivalent to about 10% of the company’s shares.
Since stepping down as Amazon CEO in 2021, Bezos has accelerated his charitable giving, and said he plans to give away much of his wealth in his lifetime. Bezos and his fiancée Lauren Sanchez in August Pledge $100 million for recovery efforts on Maui after deadly wildfires swept through the island of Hawaii. Bezos has said he sells at least $1 billion in Amazon stock a year to fund his rocket startup, Blue Origin, and in 2020 he launched a $10 billion Earth Fund to combat the effects of climate change.
Earlier this month, the Amazon founder and CEO announced that he plans to leave Seattle and move to Miami, allowing him to be closer to his parents, Sanchez, and Blue Origin’s operations.
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