Indeed, he's cashed out about $30 billion of stock to help finance his Blue Origin rocket company and fund other personal and business interests, per Bloomberg.Ī broader rally of Big Tech stocks has lifted Amazon shares this year, as investors wagered that leading US tech companies would profit from the artificial-intelligence boom.
Bezos' roughly 990 million shares represent a nearly 10% stake in the company and account for most of his $147 billion net worth, as estimated by the Bloomberg Billionaires Index.īezos' recent purchase is notable because he's overwhelmingly been a seller of Amazon stock in the past 20 years. Amazon's stock price has climbed to $123.43 since then, meaning Bezos has made about $9 on the unusual investment.Īmazon stock has surged 47% this year, boosting the market capitalization of the e-commerce and cloud-services giant to $1.3 trillion. Subtract the shares he donated, and his stake stood at 990,476,371 shares, worth $122 billion as of Friday's close. He was an early investor in Amazon and served on our board for 23 years. Jeff Bezos has questioned whether China will lean on Elon Musk’s Tesla business to quell criticism of Beijing on Twitter. For example, Musk initially offered to acquire Twitter for $42 billion last year before sealing the deal at $44 billion.īezos paid $114.77 for his Amazon share. My friend and a friend to many, Tom Alberg, has passed away. The chief of Tesla and SpaceX has made plenty of playful references to the number "42" - a reference to Weed Day on April 20, and the answer to the "ultimate question of life, the universe, and everything" in "A Hitchhiker's Guide to the Galaxy" - and "69" in recent years. The bizarre single-share purchase and the numbers implied by the reporting time and the stock donation - 4:20 and 69 - have fueled speculation that Bezos may have been mimicking his rival Musk. Someone told me 1 shilling us better than Zero.a concept most Kenyans dont get thats why NSE dead.but we are changing that soon.
He also disclosed a gift of more than 69,000 shares to a nonprofit in the same filing. They understand ONE thing the more u make for other guys the more you make. He may have been channeling Elon Musk and trolling Wall Street.Īmazon's billionaire founder and executive chair reported the May 25 trade to the Securities and Exchange Commission at 4:20 p.m. Jeff Bezos unexpectedly bought a single Amazon share in late May, marking his first known purchase of the company's stock in more than two decades.
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