Jeff Bezos sold $756m of Amazon shares last week, now world’s third richest man
The founder and CEO of Amazon Jeff Bezos sold $756m of the stocks he holds in Amazon last week, according to a filing with US regulatory bodies.
That represents a sale of 1 million Amazon shares. Incidentally he still holds over 80 million stocks despite selling about $1.4 billions worth in the past 3 months. It’s a canny move because Amazon stock has been performing very well since the start of the year and has appreciated more than 45%. Amazon is now the fourth most valuable company in the United States.
Estimated to be worth $66.1bn, he’s now worth more than Warren Buffett, making him the third wealthiest person in the world according to Forbes. In the top spot is Microsoft’s Bill Gates with a net worth of $78.5bn. The world’s second richest person is Zara founder Amancio Ortega with $75.5bn.
Sub me a monkey, Jeff?