• Mon. Feb 26th, 2024

Bezos’ $2 Billion Stock Sale Could Make Him the World’s Wealthiest Person Again

ByEditor

Feb 12, 2024
Jeff Bezos closes in on Elon Musk as the world’s richest person after selling Amazon stock

Amazon executive chairman Jeff Bezos, currently the world’s second richest man according to Bloomberg, has recently sold over $2 billion worth of Amazon stock. According to a filing with the US Securities and Exchange Commission, he sold almost 12 million shares, bringing his estimated net worth to $200 billion.

Bezos may soon reclaim the title of the world’s richest person as he plans to sell more shares, proposing the sale of 50 million Amazon shares around February 7th, worth an estimated $8.4 billion. These stock sales could potentially boost Bezos’ net worth and allow him to surpass Tesla CEO Elon Musk, who currently holds the title of the world’s wealthiest person with an estimated net worth of $209 billion.

As of now, Bezos sits at No. 2 on Bloomberg’s Billionaires Index with an estimated net worth of $200 billion, just $9 billion behind Musk. However, Musk’s net worth has declined in recent weeks due to Tesla’s stock dropping by 24% in the first two months of the year. This has already impacted Musk’s claim as the world’s wealthiest person as Forbes tracked him losing his No. 1 spot to LVMH chairman in late January due to different calculation methods used by Forbes and Bloomberg. Forbes calculates net worth differently than Bloomberg; Arnault and family hold the No. 1 spot with a net worth of $220 billion while Musk is No. 2 on the Forbes list with an estimated net worth of $201.6 billion and Bezos is No.3 at $195.9 billion

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