Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Jeff Bezos to divest $5bn of Amazon shares after stock reaches record high

by July 7, 2024
July 7, 2024
Jeff Bezos to divest $5bn of Amazon shares after stock reaches record high

Amazon founder and executive chair Jeff Bezos is set to sell nearly $5 billion worth of shares in the e-commerce giant, according to a regulatory filing disclosed after market hours on Tuesday.

This announcement comes on the heels of Amazon’s stock reaching an all-time high of $200.43 during the trading session.

The proposed sale involves 25 million shares and follows a significant rally, with Amazon’s stock surging over 30% this year, far outpacing the 4% gain in the Dow Jones Industrial Average index. Post-sale, Bezos will still retain approximately 912 million Amazon shares, representing 8.8% of the outstanding stock.

This move is not unprecedented for Bezos; he sold shares worth around $8.5 billion in February, following an 80% stock rally in 2023. Amazon’s strong performance in the first quarter, buoyed by the artificial intelligence trend, contributed to this stock surge.

Currently ranked as the second-richest person globally with a net worth of $214.4 billion by Forbes, Bezos continues to diversify his ventures. He is also the founder of Blue Origin, a space exploration company that successfully launched a six-person crew to the edge of space in May.

Read more:
Jeff Bezos to divest $5bn of Amazon shares after stock reaches record high

0
FacebookTwitterGoogle +Pinterest
previous post
Safeguarding your wealth: Strategies to navigate potential labour tax changes
next post
Israeli Minister touts Marine Le Pen as ‘excellent’ option for French president: ‘with 10 exclamation marks’

You may also like

Skills Crisis: 85% of young people feel they...

September 15, 2023

Sainsbury’s to wind down bank as it focuses...

January 19, 2024

Gold price rallies as safe haven asset is...

March 18, 2023

Lloyds Bank profit poised to be retained to...

February 20, 2023

Bank of England’s top economist offers two routes...

September 1, 2023

UK public borrowing hits £20.2bn in April, deepening...

May 22, 2025

Homebase lives on as CDS revives DIY chain...

December 24, 2024

Most UK businesses to ‘rethink their plans’ as...

February 26, 2025

How hospitality businesses can navigate a business rates...

October 14, 2024

How IT staff augmentation can help your tech...

February 21, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved