Jeff Bezos has sold as many as 25 million shares, based on a recent filing with the Securities and Exchange Commission.
On Friday, Amazon disclosed this information in its quarterly SEC report. The billionaire founder mentioned last month that he had set up a trading plan designed to comply with Rule 10B5-1(c), which involved splitting his stock into multiple sales.
As of Friday morning, those 25 million Amazon shares were valued at over $4.7 billion.
This trading plan allows Bezos, who launched Amazon more than three decades ago and currently serves as the company’s executive chair, to sell his shares under specified conditions until May 29, 2026, as noted in the report.
Another SEC document revealed that as of March 3, he owned over 999.4 million shares of the massive e-commerce company directly.
Interestingly, Bezos has employed various trading plans in the past to sell portions of his Amazon stock. One noteworthy instance, back in February 2024, saw him divest 50 million shares over several weeks, which netted him around $8.5 billion.
Most of Bezos’s impressive net worth comes from his stakes in Amazon.
As of Friday morning, his wealth stood at $205.4 billion, making him the second richest person globally, trailing only Tesla’s Elon Musk.
In addition to his Amazon ventures, Bezos previously owned the Washington Post and has initiated Blue Origin.
