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Jeff Bezos simply offered almost $2.5 billion in Amazon shares 


Amazon.com Inc. Chief Govt Jeff Bezos offered almost $2.5 billion value of shares in his firm this week.

Based on filings Wednesday with the Securities and Change Fee, Bezos offered almost 740,000 shares on Monday and Tuesday for about $2.48 billion. The inventory gross sales have been pre-arranged by means of a 10b5-1 buying and selling plan, based on the filings.

Bezos is the world’s wealthiest particular person, based on the Bloomberg Billionaires Index, with a web value of about $191 billion. Final 12 months, Bezos offered greater than $9 billion in Amazon inventory, and he has beforehand mentioned about $1 billion of that goes yearly to his rocket startup, Blue Origin.

Final week, Amazon reported it tripled earnings in its first quarter, in comparison with a 12 months in the past, and forecast gross sales above $110 billion within the second quarter. That’s anticipated to be the final full quarter with Bezos as CEO; earlier this 12 months Bezos mentioned he would step down within the third quarter to grow to be government chairman of Amazon.

Amazon shares
AMZN,
-1.25%

have slipped greater than 5% over the previous week and are flat for the 12 months, although are up 39% over the previous 12 months, in comparison with the S&P 500’s
SPX,
+0.07%

46% achieve previously 52 weeks.



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