Billionaire Jeff Bezos sold another 14 million shares of Amazon.com Inc. worth about $2.4 billion.
The founder and former head of Amazon.com Inc. Jeff Bezos sold another 14 million shares of the company worth $2.4 billion. Bloomberg reported this on Wednesday, February 21.
The entrepreneur sold 14 million shares in Amazon on February 16-20. So, Bezos completed his plan to sell up to 50 million shares of the company.
Before that, he sold another 36 million shares of Amazon. In total, Bezos sold more than $8 billion in shares.
Bezos owns $164 billion worth of Amazon stock. The businessman’s total wealth is $191 billion, according to the Bloomberg Billionaires index.
It is noted that Amazon shares have increased in price by 72% in the past 12 months.
We remind you that the French warehouse division of Amazon was fined 32 million euros in France for an “extremely intrusive” system for monitoring the work of staff.
In Russia, an Amazon subsidiary was fined more than 200 million rubles for operating in the country without a branch.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.