Aug. 6 at 12:17 AM
Jeff Bezos sold nearly
$350 million worth of Amazon shares after the stock reached a record high, marking his first share sale of 2026. The transaction represents only a small portion of a previously disclosed plan to sell up to 15 million shares, valued at more than
$4 billion. Amazon recently surpassed a
$3 trillion market capitalization, becoming the fifth U.S. company to reach that milestone following strong AWS-driven earnings.
Despite the sale, Bezos remains Amazon's largest shareholder with an 8.16% stake. His net worth has increased by
$38.7 billion this year to about
$292 billion, supported by an 18% rise in Amazon shares. Since 2020, Bezos has sold more than
$38 billion in Amazon stock and has also donated over
$1 billion worth of shares to charitable organizations since early 2025.
$AMZN