Jeff Bezos has officially disclosed to federal regulators his divestment of nearly 12 million Amazon shares, amounting to a staggering value exceeding $2 billion.
In a statement submitted to the U.S. Securities and Exchange Commission, the executive chairman of Amazon outlined the sale of 11,997,698 shares of the company’s common stock, conducted on both February 7 and February 8.
The cumulative worth of these Amazon shares, rooted in Seattle where Bezos kickstarted the company from a humble garage approximately thirty years ago, surpassed the $2.04 billion mark, as per the documented price aggregations.
These shares were bundled into five distinct blocks, ranging from 1 million to over 3.2 million units.
In another filing with the SEC, Bezos detailed a forthcoming sale of 50 million Amazon shares, projected to occur around February 7, with an approximate market valuation of $8.4 billion.
Having relinquished his role as Amazon’s CEO in 2021, Bezos redirected his focus towards other endeavors such as his aerospace venture, Blue Origin, and various philanthropic initiatives. Despite his reported relocation to Miami, Bezos continues to list his address on stock filings as Seattle.