Jeff Bezos Sells $13 Billion in Amazon Stock for 2024 as $225B Fortune Fuels $1B Space Ventures, Holding Just 10.8% of $2.2T Giant

Jeff Bezos Sells $13 Billion  in Amazon Stock

Rahul somvanshi

Jeff Bezos has sold over $3 billion in Amazon shares, bringing his total stock sales to $13 billion, he sold off 16 million shares at an average price point of $200.07.

Photo Source-  National Museum of American History Smithsonian Institution (CC BY-NC 2.0)

Bezos holds second place on the Bloomberg Billionaires Index after Elon Musk who holds first place.

Photo Source-  JD Lasica (CC BY 2.0)

Amazon's market capital is $2.04 trillion with a price-to-earnings (P/E) ratio of 73.4x.

Photo Source-  JD Lasica (CC BY 2.0)

The net sales for the third quarter is $158.9 billion, with AWS generating $23.1 billion and the advertising segment generating $13.5 billion in revenue.

Photo Source-  FMT

Bezos's remaining stake is at 10.8%, that is 926.41 million shares of common stock.

Photo Source-  Dan Farber (CC BY-NC 2.0)

Director Jonathan Rubinstein also liquidated 5,000 shares at $200 each, totaling $1 million.

Photo Source-  Wasiul Bahar (CC BY-SA 4.0)

The CEO of Worldwide Amazon Stores, Douglas Herrington, exercised options on 3,500 shares at $198.96, generating $696,360.

Photo Source-  Mike MacKenzie (CC BY 2.0)

Prime membership has exceeded 200 million global subscribers so far, with average revenue per user (ARPU) of $100 annually.

Photo Source-  Mark Mathosian (CC BY-NC-SA 2.0)

The Bezos Day One Fund has disbursed $521.6 million to date for homeless families and early education initiatives.

Photo Source-  Mathieu Thouvenin (CC BY-NC-ND 2.0)

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