Jeff Bezos Boosts Wealth with Stock Sales of Over $3 Billion, Secures Position as World’s Second Richest

Amazon’s founder, Jeff Bezos, recently divested over $3 billion in Amazon shares, cementing his status as the world’s second-richest individual. His cumulative sales for the past year now total $13 billion. According to a regulatory filing, the latest sale includes over 16 million shares. This move coincides with Amazon’s stock price hovering near the crucial $200-per-share mark, a milestone it first surpassed last July when Bezos conducted a similarly large stock sale.

In the past year, Bezos’s net worth has surged by $42.8 billion, reaching an estimated $220 billion due to Amazon’s continued stock growth. This increase is largely attributed to Amazon’s effective marketing strategies, which have driven the company’s strong market performance, translating into greater wealth for its founder. As a result, Bezos has surpassed other tech magnates, including Meta’s Mark Zuckerberg, placing him just behind Elon Musk in wealth rankings.

Bezos currently holds the second position on the Bloomberg Billionaires Index with an approximate net worth of $220 billion, trailing only Elon Musk, who reportedly has a net worth of around $262 billion. Despite Musk’s lead, Bezos’s wealth still outpaces that of Zuckerberg, estimated at $201 billion as of November 3rd.

While Bezos stepped down as Amazon’s CEO in 2021, he remains chairman and retains a substantial stake in the company, with around 10.8% ownership as of a February 2024 disclosure. In addition to his role at Amazon, Bezos is actively engaged in various other ventures, which he oversees with a strong commitment.

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