Guess What: Billionaire Jeff Bezos unexpectedly bought 1 Amazon share.

Jeff Bezos, the billionaire founder of Amazon, made headlines with his recent purchase of a single Amazon share, marking his first known purchase of the company’s stock in 21 years (i.e., since 2002). On May 25, Bezos bought one share and promptly notified the U.S. Securities and Exchange Commission (SEC) of the transaction the following day. The purchase price for the share was reported as $114.77 in the regulatory filing.

This comes as a surprise not just because he bought a single share but also because the 59-year-old Amazon founder is better known for selling. He has unloaded roughly $30 billion worth of Amazon stock since 2002. Everyone, from investors to financial analysts, is wondering why.

Since the day of the purchase, the Amazon stock price has experienced a notable increase of 10.3%. As a result, Bezos has already earned approximately $12 on this singular investment within a span of less than a month, precisely $11.8.

It’s worth mentioning that Bezos maintains a substantial ownership stake in Amazon. Currently, he owns a total of 990,476,371 Amazon.com Inc (NASDAQ: AMZN) shares, which represent approximately 10 percent of the company and account for most of his $51 billion net worth. This significant ownership stake underscores Bezos’ continued involvement and influence in the company he founded.

While the purchase of a single share may seem relatively insignificant for a billionaire like Bezos, it showcases his ongoing engagement and commitment to his investments, including his continued belief in the growth and potential of Amazon. Amazon stock has surged 47% this year, boosting the market capitalization of the e-commerce and cloud-services giant to $1.29 trillion.

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