According to a financial presentation on Friday, the founder of Amazon, Jeff Bezos, is selling up to 25 million Amazon shares in the next 13 months.
The shares are worth approximately $ 4.8 billion to the current value.
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Last year, Bezos sold Amazon shares worth $ 13.5 billion, which CNBC points out the first time he sold the company’s shares since 2021.
Bezos began Amazon in 1994 and is the main shareholder of the company. He resigned as CEO in 2021.
It is not clear why Bezos is being sold now, but uncertainty about tariffs and the market has other billionaires that monopolize effective. In addition, the luxurious wedding of the founder of Blue Origin with the fiancee Lauren Sánchez is being held in Venice, Italy, next month, he thought that the couple has denied the reports that the event “of the century” could cost more than half a billion dollars.
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Bezos is currently the richest number 2 in the world with a net worth of $ 212 billion, according to the Bloomberg billionaire index. Most of its wealth comes from its Amazon actions.
Amazon is the no. 4 The largest company in the world at the time of publication, with a market capitalization of just over $ 2 billion.