News
National Capital Markets

Billionaire Jeff Bezos Sells A Record-Breaking $750M Of Amazon Shares

Jeff Bezos, Amazon Founder
Photo credit: Flickr/James Duncan Davidson
Amazon Founder Jeff Bezos

Billionaire Jeff Bezos sold 1M Amazon shares in his holding last week, raising $757M—or to put it into better context, he sold enough shares to fund several small countries.

That’s a record sale for the tech entrepreneur, who sold $671M worth of shares in May. To his benefit, the stock market responded well to the e-commerce giant’s Q2 results, posting revenue gains of 31% to $30.4B, and adjusted profits per share of $1.78, compared to the 19 cents per share the company reported in the year-prior, Fortune reports.

The founder and CEO of Amazon, worth more than $69B, avoided paying insider trading charges for the pre-scheduled sales—which took place between Aug. 2 and Aug. 4 and ranged from $750.35 to $765.01 per share. [Fortune]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift