Amazon Founder Sells $665.8M in Stock, Part of 25M Share Plan

Amazon's founder sold nearly 3 million shares of the company's stock over two days in July, totaling approximately 665.8 million dollars. This sale is part of a broader plan announced earlier this year, which outlines the sale of up to 25 million shares by May 2026. The founder stepped down as Amazon's CEO in 2021 and sold 736.7 million dollars worth of stock in the last few days of June. Despite these sales, he still holds over 900 million shares, valued at nearly 200 billion dollars.

The recent stock sale comes shortly after the founder's highly publicized and extravagant wedding to Lauren Sanchez in Venice. The wedding, which reportedly cost 50 million dollars, featured a star-studded guest list. The founder remains the largest shareholder of Amazon and continues to serve as the company's chairman. His decision to sell a significant portion of his shares is part of a strategic plan to diversify his investments and potentially explore new ventures. The sale of 3 million shares represents a small fraction of his total holdings, indicating that he maintains a strong commitment to the company's long-term success.

This move is consistent with the founder's previous actions, as he has been gradually reducing his stake in Amazon over the past few years. By selling a portion of his shares, he is able to generate liquidity for other investments and philanthropic endeavors. The founder has been vocal about his desire to use his wealth to make a positive impact on the world, and this sale is likely part of that broader vision. Despite the sale, the founder's continued involvement as chairman ensures that he will remain a key figure in the company's future direction.

The sale of 3 million shares is a relatively small portion of the founder's total holdings, which suggests that he is not looking to exit the company entirely. Instead, it appears that he is taking a more measured approach to managing his investments, balancing the need for liquidity with his long-term commitment to Amazon. This strategy allows him to maintain a significant stake in the company while also pursuing other opportunities. The founder's decision to sell shares is part of a broader trend among tech industry leaders, who are increasingly looking to diversify their portfolios and explore new ventures.