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Bezos Sells $350M Amazon Stock at Record High
6 Aug
Summary
- Jeff Bezos sold nearly $350 million in Amazon stock.
- Amazon recently surpassed a $3 trillion market cap.
- Bezos retains an 8.16% stake, remaining the largest shareholder.
Jeff Bezos initiated his stock sales for the year by divesting nearly $350 million in Amazon.com Inc. equity as the company's shares surged to a record peak. This sale is part of a larger plan to offload up to 15 million shares, valued at over $4 billion.
The divestment follows Amazon's impressive market performance, having recently crossed the $3 trillion market capitalization threshold. This achievement was significantly boosted by accelerated growth and strong revenue from its cloud-computing unit, Amazon Web Services.
Despite the recent sales, Jeff Bezos remains Amazon's largest individual shareholder, retaining an 8.16% stake valued at $245 billion. He has ramped up his stock sales since 2020, having unloaded more than $38 billion in shares since that year.
Bezos has also demonstrated a philanthropic commitment, donating Amazon shares valued at over $1 billion to charitable organizations since the start of 2025.
