5 billions amazon shares sold
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NewsTranscript
00:00Stop everything! Jeff Bezos just sold $5 billion in Amazon stock. Here's what you need to know.
00:06That's right, Jeff Bezos has disclosed plans to sell 25 million Amazon shares, worth a whopping $5 billion.
00:13This move comes as Amazon stock hits a fresh record high of $200 per share, closing Tuesday at its highest since its 1997 listing.
00:22Despite this massive sale, Bezos still holds nearly 912 million shares, around 8.8% of Amazon.
00:30This makes him the world's second-richest person, with a net worth of $221.6 billion, according to Bloomberg.
00:38But that's not all. Bezos also sold $8.5 billion worth of Amazon shares earlier this year, bringing his total sales to a staggering $13.5 billion.
00:48At 60, Bezos is not just focused on Amazon. He owns space exploration company Blue Origin and The Washington Post.
00:56Plus, he recently moved to Miami, likely saving millions in taxes.
01:00With Amazon stock up 32% this year, thanks to the booming cloud business and advancements in AI technology, Bezos continues to ride high.
01:09Stay tuned for more updates on this financial titan.