Jeff Bezos sold $737 million of Amazon shares in June as part of pre-arranged plan
From Investing.com: 2025-07-01 18:01:00
. This sale brings his total stock liquidation to around $10.8 billion this year. Despite this, Bezos still holds over 10% of Amazon’s shares, making him the company’s largest shareholder. The move comes as the tech mogul continues to fund his space exploration company, Blue Origin.
The sale of Amazon shares by Jeff Bezos is part of a pre-arranged trading plan. This plan allows company executives to sell a specific number of shares at regular intervals. Bezos, who recently stepped down as Amazon’s CEO, has been selling off his stock as part of his commitment to fund Blue Origin’s ambitious space projects.
Bezos’ decision to liquidate his Amazon shares has drawn attention to his increasing focus on Blue Origin. The company has plans to launch its first crewed flight on July 20, with Bezos himself set to be on board. The sale of shares will provide Bezos with additional capital to invest in the space exploration venture.
Despite the significant sale of shares, Bezos remains one of the richest individuals in the world. His net worth is estimated to be around $194 billion, making him the second wealthiest person globally. The success of Amazon and Bezos’ strategic investments in companies like Blue Origin have contributed to his vast fortune.
Read more at Investing.com: Jeff Bezos sold Amazon shares worth about $737 million in June