Jeff Bezos makes cash and sells Amazon shares worth $2.4 billion
0.13% may seem like little, but in the case of a billion-dollar company it is a river of millions. The founder, president and CEO of Amazon, Jeff Bezos, considered the richest man in the world, has disposed of shares in the e-commerce company valued at more than $2.4 billion in recent days.
As reflected in the records in the Securities Market Commission (SEC), the businessman has sold 737,332 Amazon shares, the equivalent of the aforementioned 0.13% of the company,representing more than $2,411 billion.
Amazon founder, who controls about 10% of the company, has accelerated these sales of company shares in recent years, after divesting of shares valued at about $3 billion in last November and another $4,1 billion in February 2020.
Behind Bezos, Amazon’s largest shareholder is fund manager Vanguard Group, which controls about 6% on behalf of the participants in its investment vehicles. Mackenzie Scott, Jeff’s ex-wife, owns 3.5% of the equity after the couple’s divorce two years ago. The transfer of this stake, valued at more than $50 billion dollars, made her the richest woman in the world on the Forbes list.
The sale of Amazon shares comes days after the e-commerce giant announced a net profit of $8,1 billion dollars in the first three months of 2021, more than three times the profits recorded by the e-commerce giant. in the same period of 2020.