Jeff Bezos became the second richest person in the world by selling Amazon shares worth over $3 billion

Veteran entrepreneur Jeff Bezos has sold more than $3 billion worth of Amazon shares from its sale. In 2024, he has sold more than $13 billion worth of shares. Now, his total wealth has reached to the figure of $222 billion, through which he has been made the second richest person of the world.

According to a government report published on Friday, Bezos, founder of Amazon, sold more than $3 billion worth of company shares. This brings his total sales of Amazon shares for 2024 to over $13 billion. According to Geek Wire, citing a regulatory filing, Bezos had sold more than 16 million shares when the stock of Amazon reached nearly US$200 again. The same price reached $200 in July when he had sold shares earlier. This had been the highest price of Amazon's stock since it went on sale on the NASDAQ back in 1997.

The sale of shares came after Amazon reported strong earnings in the third quarter. Bezos is the second-richest person with a net worth of $222 billion according to the Bloomberg Billionaires List. His wealth has increased by $42.8 billion over the past year, which is due to the good performance of Amazon shares. Tesla CEO Elon Musk stands first. As of February, Bezos had about 10.8 percent of Amazon's total shares.