Jeff Bezos Sold $12M In Amazon Stock Last Week

Jeff Bezos sold 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021, according to a report by Fortune.

The sales netted slightly more than $2 billion, according to a filing.

Amazon reported on Feb. 2 that Bezos plans to sell as much as 50 million shares of Amazon over the next 12 months

That amount takes advantage of a recent stock surge that’s put Bezos in position of becomingthe world’s richest person. He has $199.5 billion as of Friday, according to the Bloomberg Billionaires Index.

Bezos has sold over $30 billion in shares since 2002, including about $20 billion combined in 2020 and 2021. He has been generous, gifting stock shares worth roughly $230 million to nonprofit organizations in November.

Amazon has not commented on this week’s stock sales.