Monday , October 18 2021

Bezos sold shares to Amazon for nearly $ 2.8 billion shortly before the market crashed


The richest man in the world, Jeff Bezos, sold five stakes to Amazon in five days for a total of nearly $ 2.8 billion. All of these transactions took place last week before markets shook with the fall of the yuan and the subsequent collapse of the Dow Jones Stock Exchange amid fears of an escalation in the US trade war. and China

Late last week, the Amazon founder sold 532,000 shares of the e-commerce company (approximately 1% of its stake) worth $ 990 million, according to documents presented the day before the US Securities and Exchange Commission

The operations took place on August 1 and 2, and the shares were sold between $ 1810 and $ 1897 each. Three days earlier, from July 29 to July 31, the billionaire sold several packages of securities totaling $ 1.8 billion.

According to The Financial Times, this is the largest sale of Amazon shares made by its founder, which will receive $ 2.150 million after taxes. Bezos is currently the richest man in the world: Forbes estimates his wealth, considering recent deals, at $ 110.1 billion.

Source link