Jeff Bezos, the founder of Amazon, has recently sold about 12 million Amazon shares for approximately $2 billion. This is the first time he has sold shares since 2021 and comes at a convenient time as Amazon’s share price has risen to its highest point since November 2021.
The exact reason for Bezos selling his shares is unknown, but it is clear that this move will have a significant impact on his net worth. With an increase in stock prices, Bezos’ net worth has grown by over $22 billion this year alone.
In addition to Bezos, Elon Musk and Bernard Arnault of LVMH are also among the wealthiest people in the world. Musk’s net worth is currently estimated at $194 billion, while Arnault’s stands at $191 billion.
It remains to be seen how this sales plan will affect Bezos’ position as the richest person in the world. However, according to Bloomberg’s billionaire index, with the sale of his shares worth about $8.5 billion, he may have a chance to surpass Musk if stock prices continue to rise.