Jeff Bezos has once again made headlines by selling over $2 billion worth of Amazon stock for the third time this month.

 

Jeff Bezos, the visionary behind Amazon, has recently divested approximately $2.03 billion worth of shares in his company, as per a regulatory filing. This brings his total sales for the month to an impressive $6 billion.

During the past few days, specifically on Tuesday and Wednesday, Bezos parted ways with around 12 million Amazon shares, fetching an average price of $169.50 per share.

These transactions were carried out in accordance with a trading plan that was set in motion back in November. The plan allows Bezos to potentially sell up to 50 million shares of Amazon, as outlined in the company's annual filing. Notably, Bezos had already sold 12 million shares valued at $2 billion between Friday and Monday, and an additional 12 million shares the week prior.

This month's sales signify the first instance of Bezos selling Amazon stock since May 2021, the year he relinquished his role as Amazon CEO. It is worth mentioning that he had gifted approximately $240 million in Amazon shares last year.

In a strategic move, Bezos announced his decision to relocate from Seattle to Miami in November. This move will bring him closer to his space exploration venture, Blue Origin, and his fiancée Lauren Sanchez's family. Moreover, the relocation is expected to result in substantial tax savings on the share sales, potentially amounting to hundreds of millions of dollars.

Despite the recent divestments, Bezos remains the world's third-wealthiest individual, boasting a net worth of $191.4 billion, according to Forbes. His Amazon holdings have slightly decreased from 976.25 million shares to 952.26 million shares following the sales in February.