Though the market is raging higher to end the week, following excellent earnings reports from the likes of Amazon and Meta, there’s at least one person that isn’t going to be a buyer: Jeff Bezos.
The Amazon founder disclosed on Friday that he plans to sell up to 50 million shares over the next 12 months, according to Bloomberg . The haul will put him close to being the richest person in the world, the report says.
The stock’s surge following its earnings on Thursday already is catapulting Bezos’ wealth higher. It’s up almost $13 billion on Friday, bringing him within $5.7 billion of the top spot held by Elon Musk, per the Bloomberg Billionaires Index. Bezos has not held the position of the wealthiest individual according to this index since 2021, the report added. Bloomberg notes that the distance in net worth between Bezos and Musk is closing as Amazon […]
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