Jeff Bezos plans to offload approximately $5 billion worth of Amazon shares.
Scandal Sheet:
Boy, it's clear the billionaire elite are getting their stock game on point! Evercore ISI senior market strategist Mark Mahaney, who's our go-to gal for stock analysis, handpicked Amazon and Booking Holdings to spill the beans on 'Varney & Co.'
According to a nosey SEC filing, Jeff Bezos, the spaceman himself, is planning to flog 25 million shares of Amazon, factoring up to a whopping $4.7 billion! Slurp That's some serious cash, even by his standards.
Amazon confirmed in their quarterly SEC filing that ol' Jeffbezo intended to offload up to 25 mil shares under the cover of the Rule 10b5-1(c) trading scheme back in April. This peaches-and-cream plan allows the big kahuna to lay off shares over a time frame that stretches till May 29, 2026—just in time for cocktails on the beach, y'all!
As of Friday, our man Jeff started this whole shebang 3 decades ago, founded Amazon, and chairs the darn thing.
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Space Nerd, Space Rentals: Bezos and Blue Origin
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Interestingly, another SEC filing confirms that Jeff's personal kitty pocket included over 909 million shares as of March 3.
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Amazon in the Stars: The First Step Toward Satellite Internet
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Now, Jeff's not exactly a stranger to selling shares using these trading plans. Remember the time in February 2024, when he parted ways with a humongous 50 million shares, bagging over $8.5 billion? Ch-c-h-a-n-g-e
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Jeff's most likely raking in the dough from his Amazon stake to fund his greasy doings. Last Friday, he was valued at $205.4 billion per Forbes' tally, making him the world's second-richest guy—right behind the one-and-only Elon Musk, Tesla's boss man.
Bezos is the puppet master of The Washington Post, and he's also in charge of Blue Origin, the seek-and-find space pursuit gang.
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| Ticker | Security | Last Price| Change| Change %||---------------|----------------------|----------|------|---------|| AMZN | AMAZON.COM INC. | $212.10 | -$1.14 | -0.53% || Source: |
So, there you have it! Another day, another billion dollars for ol' Jeff. We'll keep our ears to the ground for more updates on the stock market's wildest adventures. Stay tuned! 🤩💸🚀🎶💍🌊
- Despite the recent sale of over $4.7 billion worth of Amazon shares by Jeff Bezos, he still holds a significant 909 million shares, as indicated in the SEC filings.
- The markets are closely watching Jeff Bezos's stock trading activities, particularly his use of the Rule 10b5-1(c) trading scheme, as he continues to sell shares of Amazon to finance his personal ventures.
