Jeff Bezos sells 2 billion worth of Amazon stock

Jeff Bezos sells $2 billion worth of Amazon stock

Amazon founder Jeff Bezos sold shares in the online sales giant worth around $2 billion, according to a stock market filing on Friday.

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Jeff Bezos sold around 12 million Amazon shares on Wednesday and Thursday at a price that fluctuated between $168 and $171 per share, according to this document sent to stock market regulators and consulted by AFP on Saturday.

In an earlier stock market filing published on Wednesday, it was reported that Jeff Bezos intends to sell 50 million shares next July in the group he founded 30 years ago and of which he is now president.

The Amazon founder's fortune is estimated by Forbes at $195.5 billion, making him the third richest man in the world, behind Frenchman Bernard Arnault, CEO of the LVMH group, and Elon Musk, head of Tesla, Twitter or even SpaceX.

Amazon reported financial results on February 1 that far exceeded expectations. The group posted sales of $170 billion, up 14% in a year, and net profit of $10.6 billion, driven by faster deliveries and a particularly successful holiday season.

The next day, the stock rose more than 13% on the New York Stock Exchange.