Jeff Bezos is becoming ‘aggressive’ once more. According to sources, Amazon sold more stock on Tuesday after unloading shares last week
According to Faber, Bezos may sell up to 10 million shares, amounting to approximately $1 billion in stock.
On Tuesday, Jeff Bezos is anticipated to be «aggressive» in selling more Amazon shares.
According to Faber, Bezos may sell as many as 8 to 10 million shares, amounting to more than $1 billion in stock. Amazon’s stock is down approximately 2.6%.
It comes after Bezos dumped approximately $240 million in Amazon stock last week, according to financial documents. According to the filing, the transactions were labeled as contributions to non-profit organizations.
It’s unknown to whom Bezos gave the shares. Bezos’s spokesman did not immediately react to a request for comment.
According to Bloomberg, Bezos is the third richest person in the world, with a net worth of roughly $170 billion. He still controls approximately 988 million Amazon shares, representing an almost 10% interest in the company.
Since stepping down as CEO of Amazon in 2021, Bezos has increased his charity contributions and stated that he intends to give away a large portion of his income during his lifetime. In August, Bezos and his girlfriend Lauren Sanchez committed $100 million to Maui rebuilding efforts after catastrophic wildfires decimated the Hawaiian island.
Bezos has stated that he sells at least $1 billion in Amazon stock each year to fund his rocket firm, Blue Origin, and that he will launch the $10 billion Earth Fund in 2020 to tackle the effects of climate change.
