In early February of this year, after Amazon announced its founder's plan to reduce his holdings of 50 million Amazon shares, Bezos quickly sold these 50 million shares within 9 trading days, cashing out nearly $8.5 billion.
On Tuesday Eastern Time, a document submitted to the US Securities and Exchange Commission showed that Bezos had sold Amazon stocks multiple times from last Thursday to this Tuesday, with a total of approximately 14 million Amazon stocks sold at a price of approximately $2.37 billion.
According to three previously released documents, Bezos sold 12 million shares on three occasions, each from Tuesday to Wednesday (February 13-14), Friday to Monday (February 9 and 12), and February 7-8, cashing out around $2 billion each time.
This means that Bezos quickly completed the selling action within 9 trading days after announcing its reduction plan, with a total of $8.5 billion cashed out.
Since stepping down as CEO of Amazon in May 2021, Bezos has not reduced his holdings in Amazon's stock, but this time it has been abnormal.
Last November, Bezos announced that he would leave Seattle and move to Miami, closer to his fianc é e Lauren Sanchez and his parents, as well as Blue Origin's business.
Since then, he has started to cash out his stocks: according to documents disclosed, Bezos first confirmed this pre arranged reduction plan in November last year and disclosed it earlier this month. This plan states that Bezos can reduce his holdings of up to 50 million Amazon stocks by January 31, 2025. However, he did not publicly provide the reason for the reduction.
According to the documents, after this round of reduction, Bezos still holds approximately 938 million shares of Amazon stock. Based on this Tuesday's closing price, these stocks are worth approximately $156.646 billion. According to the Bloomberg Billionaires Index, Bezos has a net asset of $191.3 billion.
Amazon's stock price has risen by 80.88% last year and 9.96% since the beginning of this year, with a total market value of $1.73 trillion.