Bezos Sells ₹50,000-cr Amazon Shares in 1 Month Since His Wedding
Jeff Bezos, the world’s richest man and founder of Amazon, has made headlines once again with a massive sale of his Amazon shares worth a staggering $5.7 billion (approximately ₹50,000 crore) in a span of just one month since his wedding to ex-journalist Lauren Sanchez. The share sale began when Bezos sold $737-million shares around his wedding day, taking his total divested Amazon shares since 2002 to a whopping $50 billion.
The news comes as Amazon shares have been on a roll, jumping 38% from their recent low in April. Bezos’ decision to sell a significant portion of his Amazon shares has sparked interest among investors and tech enthusiasts alike, given the company’s impressive growth and dominance in the e-commerce space.
The latest sale of Amazon shares is significant not only because of its massive value but also because it marks a major shift in Bezos’ investment strategy. As the richest person in the world, Bezos has been known for his frugal nature and his reluctance to sell his Amazon shares, even when the company’s stock price has been at an all-time high.
However, the recent surge in Amazon’s stock price and the company’s continued growth have likely played a role in Bezos’ decision to cash in on some of his shares. With Amazon’s market value approaching $1 trillion, Bezos’ decision to sell $5.7 billion worth of shares will likely not have a significant impact on the company’s stock price.
The sale of Amazon shares is also a testament to the growing wealth of Bezos and his family. Bezos’ net worth has surged to over $200 billion, making him one of the richest people in the world. His wife, Lauren Sanchez, is also a wealthy individual, with a net worth estimated to be over $100 million.
The sale of Amazon shares comes at a time when Bezos is facing increased scrutiny over his personal life and business dealings. The news of his divorce from his ex-wife, MacKenzie Bezos, and his subsequent marriage to Sanchez have been widely reported, with many speculating about the impact of the split on Bezos’ business empire.
Despite the recent sale of Amazon shares, Bezos remains one of the largest shareholders of the company, with a stake of around 12%. His net worth has been estimated to be over $200 billion, making him one of the richest people in the world.
The sale of Amazon shares is also likely to have an impact on the company’s future growth and expansion plans. With Bezos cashing in on some of his shares, he may be looking to invest in other opportunities or diversify his portfolio. Amazon has been aggressively expanding into new markets and industries, including cloud computing, artificial intelligence, and healthcare.
In conclusion, Bezos’ sale of $5.7 billion worth of Amazon shares is a significant event that has sent shockwaves through the financial and tech communities. The sale marks a major shift in Bezos’ investment strategy and is a testament to the growing wealth of the world’s richest man. As Amazon continues to grow and expand its reach, it will be interesting to see how Bezos and his family choose to invest their wealth and shape the company’s future.
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