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Amazon’s Jeff Bezos Sells Nearly 12 Million Shares Worth $2 Billion

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Amazon's Jeff Bezos Sells Nearly 12 Million Shares Worth $2 Billion

(CTN News) – The CEO of Amazon has filed a statement with federal regulators indicating that he sold nearly 12 million shares of the company’s stock worth more than $2 billion to the public.

In a notice filed on Feb. 7 and Feb. 8, the executive chairman of Amazon notified the Securities and Exchange Commission (SEC) that on Feb. 7 and Feb. 8, the company sold 11,997,698 shares of common stock in the company.

According to the listed price totals, the current combined value of all Amazon shares in the company he founded in a Seattle garage about three decades ago is more than $2.04 billion, based on the total value of the listed price totals.

As a result, five blocks have been created, ranging from a low of 1 million stocks to a high of more than 3.2 million stocks. This is based on the number of stocks.

As a result of a separate filing by Amazon Bezos with the SEC, it has been revealed that the company will be selling 50 million shares of its stock around February 7th, with an estimated market value of $8.4 billion.

In the year 2021, once Amazon’s CEO Jeff Bezos stepped down from his position at the company, he decided to devote more time to his other projects, such as the rocket company Blue Origin and his humanitarian activities.

Despite a rumor that the company’s founder has moved from Seattle to Miami, according to the company’s stock filings, the corporation’s founder’s address is listed as Seattle!

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