The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Business

Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

by May 3, 2025
May 3, 2025
Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday.

Bezos, who stepped down as CEO in 2021 but remains Amazon’s top shareholder, is selling the shares as part of a trading plan adopted on March 4, the filing states. The stake would be worth about $4.8 billion at the current price.

The disclosure follows Amazon’s first-quarter earnings report late Thursday. While profit and revenue topped estimates, the company’s forecast for operating income in the current quarter came in below Wall Street’s expectations.

The results show that Amazon is bracing for uncertainty related to President Donald Trump’s sweeping new tariffs. The company landed in the crosshairs of the White House this week over a report that Amazon planned to show shoppers the cost of the tariffs. Trump personally called Bezos to complain, and Amazon clarified that no such change was coming.

Bezos previously offloaded about $13.5 billion worth of Amazon shares last year, marking his first sale of company stock since 2021.

Since handing over the Amazon CEO role to Andy Jassy, Bezos has spent more of his time on his space exploration company, Blue Origin, and his $10 billion climate and biodiversity fund. He’s used Amazon share sales to help fund Blue Origin, as well as the Day One Fund, which he launched in September 2018 to provide education in low-income communities and combat homelessness.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Australia’s center-left Labor Party looks set to retain power, according to media projections
next post
Woman killed in Greece after bomb explodes in her hands

You may also like

Disney touts $40 billion economic impact in Florida...

Heineken CEO on Bud Light campaign fallout: ‘You...

Tesla CFO Zach Kirkhorn steps down

WeWork, the office-sharing company once valued at $47B,...

Yum Brands earnings miss estimates as KFC, Pizza...

Three-year inflation outlook hits record low in New...

Costco hikes membership fee for the first time...

Sierra Space CEO leaves as $5 billion company...

Trump Media jumps more than 9% after CEO...

JPMorgan CEO Jamie Dimon hopes for soft landing...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Trump’s Nuclear Revival Plan Boosts Uranium Prices, Sends US Miners Soaring

    • China snubs Asia’s largest defense forum as tensions with US simmer

    • Teen’s death sparks calls to ban viral head-on tackle game inspired by American football’s biggest hits

    • Cardiex Completes Placement & Launches Entitlement Offer

    • CDX May Investor Presentation

    Categories

    • Business (1,671)
    • Investing (4,988)
    • Politics (7,825)
    • World (6,333)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top