February 23, 2024

Jeff Bezos sold 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021, according to a report by Fortune.

The sales netted slightly more than $2 billion, according to a filing.

Amazon reported on Feb. 2 that Bezos plans to sell as much as 50 million shares of Amazon over the next 12 months

That amount takes advantage of a recent stock surge that’s put Bezos in position of becomingthe world’s richest person. He has $199.5 billion as of Friday, according to the Bloomberg Billionaires Index.

Bezos has sold over $30 billion in shares since 2002, including about $20 billion combined in 2020 and 2021. He has been generous, gifting stock shares worth roughly $230 million to nonprofit organizations in November.

Amazon has not commented on this week’s stock sales.

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