Jeff Bezos sells nearly 12m Amazon shares worth at least 2bn dollars

11 February 2024, 07:24

Jeff Bezos
Bezos Stock Sale. Picture: PA

The Amazon executive chairman notified the US Securities and Exchange Commission of the sale of 11,997,698 shares of common stock on February 7 and 8.

Jeff Bezos has filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than 2 billion US dollars (£1.58 billion).

The Amazon executive chairman notified the US Securities and Exchange Commission (SEC) of the sale of 11,997,698 shares of common stock on February 7 and 8.

The collective value of the shares in the tech giant, which is based in Seattle where he founded the company in a garage about three decades ago, was more than 2.04 billion dollars (£1.62 billion), according to the listed price totals.

The stocks were grouped in five blocks of between one million and more than 3.2 million.

In a separate SEC filing, Mr Bezos listed the proposed sale of 50 million Amazon shares around February 7 with an estimated market value of 8.4 billion dollars (£6.65 billion).

The businessman stepped down as Amazon’s chief executive in 2021 to spend more time on his other projects, including the rocket company Blue Origin, and his philanthropy.

His address on the stock filings is listed as Seattle, although he has reportedly relocated to Miami.

By Press Association

Latest World News

See more Latest World News

Russia Nadezhdin Appeal

Russian court upholds decision barring anti-Ukraine war hopeful from election

Pakistan New Prime Minister

Shehbaz Sharif sworn in as Pakistan’s new prime minister

Israel Palestinians

Israeli Cabinet member meets US officials as ceasefire talks get under way

France Abortion Right

French lawmakers gather for vote that will make abortion a constitutional right

October Rain is the leading song choice, with Dance Forever in second place.

Israel agrees to change controversial October Rain lyrics ahead of Eurovision 2024

APTOPIX Haiti Violence

Haiti declares a curfew as it tries to restore order after weekend jailbreak

Thailand Politics

Thai court acquits former PM over mishandling of government funds

The hunt for missing Malaysia Airlines flight MH370 could be renewed

Families of passengers on board Malaysia Airlines flight MH370 given new hope of answers

Germany Nursing Home Fire

Four dead and at least 21 injured in nursing home fire in western Germany

Election 2024 Haley

Nikki Haley wins her first 2024 Republican primary in District of Columbia

Sweden Farewell To Neutrality

Newly enlarged Nato starts Scandinavian drill in defence of Nordic turf

A state of emergency has been declared in Haiti

Thousands of prisoners on the loose in Haiti after armed men storm major Prison leaving at least 12 dead

SpaceX Crew Launch

Four new astronauts head to the International Space Station for six month stay

King Harald pacemaker

Norway’s King transferred to Oslo hospital after getting pacemaker in Malaysia

Germany Russia Ukraine War

Leaked audio part of Russia’s ‘information war’ against West, says Germany

Benjamin Netanyahu

Cracks widen in Netanyahu’s government as top political rival arrives in US