Bezos wraps up 50 million Amazon stock sale netting $8.5 billion

Jeff Bezos has been selling stock in the company he founded over the last two weeks

Jeff Bezos, the Amazon founder and the world’s third richest man, has been selling off stock in the company he founded for the first time since 2021. Picture: Getty

Jeff Bezos offloaded 14 million Amazon shares worth about $2.4 billion, finishing in just nine trading days the plan he disclosed earlier this month to sell up to 50 million shares.

The latest transaction, which brings his cash out total to $8.5 billion, took place over three trading days ending on Tuesday, according to a regulatory filing. Before his selling spree, the world’s third-richest person hadn’t disposed of company stock since 2021.

Bezos, who founded Amazon and owns space exploration company Blue Origin and the Washington Post, hasn’t disclosed plans for the proceeds. He announced on November 2 that he was moving to Miami from the Seattle region.