Nov 03, 2024 03:25 PM IST
Jeff Bezos bought $3 billion in Amazon shares, totaling greater than $13 billion in 2024. With a web price of $222 billion, he’s the world’s 2nd richest particular person.
Amazon founder Jeff Bezos has bought over $3 billion in Amazon shares, in line with a regulatory submitting disclosed on Friday. This brings his complete Amazon inventory gross sales for 2024 to greater than $13 billion.
Amazon founder Jeff Bezos (Bloomberg)
Bezos bought greater than 16 million shares as Amazon’s inventory once more approached $200 per share, reaching that degree again in July when Bezos additionally bought shares. That marked the inventory’s highest worth since Amazon’s 1997 NASDAQ debut, Geek Wire reported.
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The sale follows Amazon’s robust third-quarter earnings report, which exceeded expectations.
With a web price of $222 billion, Bezos ranks because the second-richest particular person on the Bloomberg Billionaires Index, up $42.8 billion year-over-year as a consequence of Amazon’s inventory efficiency. Elon Musk continues to dominate first spot.
As of February, Bezos held roughly 10.8 per cent of Amazon’s excellent shares.
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In an essay on the Publish’s web site, Bezos stated, “Most people believe the media is biased. Anyone who doesn’t see this is paying scant attention to reality.”
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He clarified that the Publish’s choice was not associated to former President Donald Trump’s assembly with executives from Blue Origin, one among Bezos’s corporations, which occurred on the identical day. In accordance with Bezos, the assembly was organized rapidly and with out his information.
“I sighed when I found out, because I knew it would provide ammunition to those who would like to frame this as anything other than a principled decision,” he wrote.
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