Jeff Bezos sells Amazon shares for the third time in a month

American billionaire Jeff Bezos sold shares in Amazon worth $2.03 billion over the past few days, bringing the total value of his sales in the company to $6 billion this month.

The founder of the e-commerce company sold 12 million shares in Amazon on Wednesday and Thursday of this week, at an average price of $169.5 per share, after he announced in November 2023 a plan to sell 50 million shares in the company over the course of one year, with the implementation of the plan being completed in January of Next year.

Bezos had sold 12 million shares in the company worth $2 billion between Friday and Monday, after selling 12 million shares last week.

Bezos’s sales this month represent the first time that the American billionaire has moved to sell shares in Amazon since May 2021 – the year in which he stepped down from the position of Chairman of the Company’s Board of Directors.

Bezos is the third richest man in the world, with a fortune estimated at $191.4 billion, according to Forbes estimates. His holdings in Amazon fell to 952.2 million shares from 976.2 million shares before this month’s sales.

Bezos announced last year that he would move from Seattle to Miami, a move that would potentially save him hundreds of millions of dollars in taxes on stock sales.