According to media reports on July 27th， Amazon founder Jeff Bezos has recently completed the stock sales as per his pre-arranged trading plan.
Filings disclosed by the U.S. Securities and Exchange Commission (SEC) on July 25th reveal that Bezos sold his remaining shares on July 23rd and 24th， thereby concluding his plan to sell 25 million Amazon shares set earlier this year. This transaction has resulted in him liquidating approximately $5.7 billion (around 40.9 billion RMB).
This series of sales commenced at the end of June， coinciding with Bezos’s lavish wedding ceremony in Venice， Italy. The stock disposal plan allows him to sell up to 25 million shares under predetermined conditions. Amazon’s stock has demonstrated robust performance this year， appreciating by 38% from its low in late April. As of the most recent trading day’s closing， the stock price stood at $231.44 per share， valuing the company at $2.457 trillion.
Bezos has a long-standing practice of reducing his Amazon stock holdings， often reinvesting the proceeds into his other ventures， such as his space exploration company， Blue Origin. Since 2002， he has divested Amazon shares valued at over $50 billion. He has previously stated his intention to sell roughly $1 billion worth of Amazon stock annually to support Blue Origin’s development.
Following his departure as Amazon CEO in 2021， he has continued to reduce his stake. In February of this year， he announced a more substantial plan to sell up to 50 million shares by the end of January 2025.
Currently， Bezos ranks third globally in the Bloomberg Billionaires Index with an estimated net worth of $240 billion. The top two positions are held by Elon Musk， CEO of Tesla ($363 billion)， and Mark Zuckerberg， CEO of Meta ($260 billion).
Bezos married former anchor Lauren Sanchez from June 26th to 28th in Venice. This opulent wedding reportedly cost between 40 million to 48 million Euros and hosted over 200 distinguished guests， including Bill Gates and Kim Kardashian.
The wedding involved approximately 30 gondolas for guest transportation， and its sheer scale led to the temporary closure of canals and required extensive police presence for security. This generated some dissatisfaction and protest from local residents， who criticized the event for exacerbating Venice’s “overtourism” issues.
