Current:Home > FinanceJeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come -Wealth Navigators Hub
Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come
View
Date:2025-04-13 05:14:25
SEATTLE (AP) — Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion.
The Amazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of common stock on Feb. 7 and Feb. 8.
The collective value of the shares of Amazon, which is based in Seattle where he founded the company in a garage about three decades ago, was more than $2.04 billion, according to the listed price totals.
The stocks were grouped in five blocks between 1 million and more than 3.2 million.
In a separate SEC filing, Bezos listed the proposed sale of 50 million Amazon shares around Feb. 7 with an estimated market value of $8.4 billion.
Bezos stepped down as Amazon’s CEO in 2021 to spend more time on his other projects, including the rocket company, Blue Origin, and his philanthropy. His address on the stock filings is listed as Seattle, although he reportedly has relocated to Miami.
veryGood! (5)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Private jet was short on approach to Virginia runway when it crashed, killing 5, police say
- Suspected shooter, driver are in custody in Philadelphia bus stop shooting that injured 8 teens
- Maryland Lawmakers Remain Uncommitted to Ending Subsidies for Trash Incineration, Prompting Advocate Concern
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Teen Mom’s Kailyn Lowry Shares Update on Coparenting Relationships After Welcoming Twins
- Airbnb is banning the use of indoor security cameras in the platform’s listings worldwide
- Billie Eilish, Finneas O’Connell are youngest two-time Oscar winners after 'Barbie' song win
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Boxing icon Muhammad Ali to be inducted into 2024 WWE Hall of Fame? Here's why.
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- FBI again searches California federal women’s prison plagued by sexual abuse
- Alabama state lawmaker Rogers to plead guilty to federal charges
- Man arrested in California after Massachusetts shooting deaths of woman and her 11-year-old daughter
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Confidentiality pact deepens mystery of how bakery clause got into California minimum wage law
- GM, Chevrolet, Nissan, Porsche among 1.2 million vehicles recalled: Check car recalls here
- Airbnb is banning the use of indoor security cameras in the platform’s listings worldwide
Recommendation
The White House is cracking down on overdraft fees
Blue dragons in Texas? Creatures wash up on Texas beaches, officials warn not to touch
If Ted Leonsis wants new arena for Wizards, Capitals, he and Va. governor need to study up
Kentucky House approves bill to reduce emergency-trained workers in small coal mines
Grammy nominee Teddy Swims on love, growth and embracing change
A Kansas judge says barring driver’s license changes doesn’t violate trans people’s rights
Bears say they’re eyeing a new home in Chicago, a shift in focus from a move to the suburbs
These Lululemon Sneakers Are the Everyday Shoes You Need in Your Life