Amazon founder Jeff Bezos sold 1.2 crore shares, plans to sell 5 crore shares in the next one year

Jeff Bezos, a co-founder of Amazon, sold the company's stock once more after 2021. This sale was made by Bezos last week. Based on the data provided to the stock exchange, Jeff Bezos has divested shares valued at $2 billion.

In actuality, the business announced at the start of February that Bezos would be selling 50 million company shares over the ensuing year. In this series, information about the sale of 12 million shares of the company has come to light.

According to the Bloomberg Billionaires Index, as of Friday, the last day of the last trading week, Bezos's net worth has increased by $22.6 billion. Bezos's total wealth has reached $199.50 billion.

Bezos had previously sold shares in 2020 and 2021 for a total of $20 billion. The quarterly earnings of Amazon were revealed on February 1.

The corporation disclosed that its overall sales amounted to $170 billion. The business made $10.6 billion in net profit.

Bezos turned sixty recently. He possesses roughly one billion shares of stock in Amazon.com.