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:2025-04-16 01:47:12
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! (4217)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- U.N. calls on Taliban to halt executions as Afghanistan's rulers say 175 people sentenced to death since 2021
- How Elon Musk used sci-fi and social media to shape his narrative
- Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown
- 'Most Whopper
- Why Kieran Culkin Hasn't Met Brother Macaulay Culkin and Brenda Song's New Baby Yet
- Lucy Liu Reveals She Took Nude Portraits of Drew Barrymore During Charlie’s Angels
- You’ll Get Happy Endorphins Seeing This Legally Blonde Easter Egg in Gilmore Girls
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- The Bachelor: How Zach's No Sex Fantasy Suites Week Threw Things Into Chaos
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- This Detangling Hairbrush With 73,000+ 5-Star Amazon Reviews Is on Sale for $12
- Sensing an imminent breakdown, communities mourn a bygone Twitter
- How to avoid sharing false or misleading news about the election
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Karaoke night is coming to Apple Music, the company says
- Arrest of ex-Pakistan leader Imran Khan hurls country into deadly political chaos
- The Game Awards 2022: The full list of winners
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Twitter employees quit in droves after Elon Musk's ultimatum passes
Kelly Ripa Recalls Past Marriage Challenges With “Insanely Jealous” Husband Mark Consuelos
King Charles' coronation celebration continues with concert and big lunch
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Ashley Graham Shares the Makeup Hack That Makes Her Life Easier as a Busy Mom
AFP journalist Arman Soldin killed by rocket fire in Ukraine
Below Deck's Ben Willoughby Shares Surprising Update About His Boatmance With Camille Lamb