Jeff Bezos will sell 50 million shares of Amazon in the next 12 months, know complete details here
Next year, Jeff Bezos intends to sell at least 50 million company shares. Subject to certain conditions, the sale will occur during the period ending January 25 of the following year. Bezos, who turned 60 recently, is the owner of almost one billion shares of Amazon stock. Sales of the Amazon Web Services segment reached $24.2 billion, a 13% year-over-year increase.
Next year, Jeff Bezos, the founder of Amazon, intends to sell at least 50 million company shares. This information has come from the media. In a filing, the US Securities and Exchange Commission (SEC) stated that the company's billionaire founder intended to sell up to 50 million shares.
Fox Business reports that the sale will take place for a period ending on January 25 next year, subject to certain conditions. Bezos recently turned 60 and owns nearly a billion shares of Amazon stock.
According to the SEC filing, seven other top Amazon insiders made trading plans to sell Amazon shares. However, Bezos's shares comprised the largest volume. Bezos' stake in Amazon shares constitutes a large portion of his wealth of $193.3 billion.
December 31, 2023: Compared to $149.2 billion in the fourth quarter of 2022, Amazon's net sales scaled by 14% to $170 billion in the second quarter. From $0.3 billion in the fourth quarter of 2022 to $10.6 billion in the fourth quarter of 2023, net income increased.
Sales of Amazon Web Services (AWS) climbed 13% year over year to $24.2 billion. The previous holiday season broke records, according to Andy Jassy, CEO of Amazon.
Jassy said this Q4 was a record-breaking holiday shopping season and a strong finish to 2023 for Amazon. He said that as we enter 2024, our teams are performing rapidly and we have a lot to be excited about.
