Billionaire entrepreneur and Amazon founder, Jeff Bezos, has again reduced his stake in the e-commerce giant by selling a significant batch of shares valued at approximately $737 million. This latest disposal adds to a series of planned stock sales by the tech mogul since the beginning of the year, further reducing his direct holdings in the company he founded three decades ago.
Regulatory filings made with the U.S. Securities and Exchange Commission (SEC) revealed that Bezos offloaded over 5 million Amazon shares across multiple transactions. The sales, which took place over a few days, are believed to be part of a pre-arranged trading plan, commonly adopted by high-profile executives to comply with insider trading laws while systematically divesting stock holdings.
Though Bezos stepped down as Amazon’s CEO in 2021 to focus on other ventures — including his aerospace company, Blue Origin, and philanthropic initiatives — he remains the company’s Executive Chairman and one of its largest shareholders. His recent share sales are consistent with his previously disclosed plans to sell up to 50 million Amazon shares in 2024.
The move comes amid a strong performance by Amazon’s stock on the Nasdaq, as investor confidence in the company’s cloud computing and artificial intelligence initiatives continues to grow. Analysts suggest that Bezos’ selloffs are part of a broader personal financial strategy, which may also support his expanding investments in space technology and climate-focused projects.
Despite these sales, Bezos retains a multibillion-dollar stake in Amazon, cementing his position as one of the world’s richest individuals. His net worth, which fluctuates with Amazon’s stock price, remains well above $190 billion, according to recent Bloomberg Billionaires Index estimates.
This recent divestment reflects not just personal portfolio management but also signals the maturity of Amazon as a company whose founder can confidently reduce his stake without raising concerns about leadership or long-term growth.