Jeff Bezos “Aggressive” in Selling Amazon Stock

Jeff Bezos is expected to be “aggressive” in selling more shares of Amazon on Tuesday, with sources telling that he may sell as many as 8 million to 10 million shares, amounting to roughly $1 billion worth of stock. This comes after Bezos last week unloaded about $240 million worth of Amazon shares.

Since stepping down as CEO of Amazon in 2021, Bezos has accelerated his charitable giving and has said he plans to give away much of his fortune in his lifetime. He and his fiancée Lauren Sanchez have pledged $100 million to recovery efforts in Maui after deadly wildfires ravaged the Hawaiian island. Bezos has also sold at least $1 billion of Amazon stock a year to fund his rocket startup, Blue Origin, and in 2020 he launched the $10 billion Earth Fund to combat the effects of climate change.

Bezos has been actively selling shares of Amazon and donating the proceeds to various causes. In August, he and Sanchez pledged $100 million to recovery efforts in Maui after deadly wildfires devastated the Hawaiian island. Bezos has also sold at least $1 billion of Amazon stock a year to fund his rocket startup, Blue Origin, and in 2020 he launched the $10 billion Earth Fund to combat the effects of climate change.

Jeff Bezos is expected to be “aggressive” in selling more shares of Amazon on Tuesday, with sources telling that he may sell as many as 8 million to 10 million shares, amounting to roughly $1 billion worth of stock. This comes after Bezos last week unloaded about $240 million worth of Amazon shares. Since stepping down as CEO of Amazon in 2021, Bezos has accelerated his charitable giving and has said he plans to give away much of his fortune in his lifetime.