In the 15 years after Amazon.com Inc. went public in 1997, Jeff Bezos bought a couple of fifth of the corporate for roughly $2 billion. In simply the previous week, he bought 0.2% of the retailer for $1.8 billion.
Bezos offloaded 905,456 Amazon shares on Friday and Monday below a pre-arranged buying and selling plan, in response to filings. That brings his complete stock gross sales to about $12 billion, with two-thirds of these occurring in the previous 4 years, in response to calculations by Bloomberg.
The scale of the current gross sales — together with $2 billion in 2017 and $2.8 billion in 2019 — partly displays Amazon’s hovering valuation, which closed above $1 trillion for the primary time on Tuesday. That means Bezos’s remaining 11% stake is price $116 billion.
Their dimension and frequency although additionally displays the altering wants of his more and more public profile.
In the previous few years, he’s had a method makeover and infrequently been out of the headlines since he and MacKenzie Bezos divorced in 2019. That consists of hitting the pink carpet with girlfriend Lauren Sanchez, internet hosting a bash at his Washington mansion for the political and monetary elite, and even being half of a global controversy after the incendiary declare that the crown prince of Saudi Arabia was concerned in hacking his telephone.
It’s a far cry from the low profile Bezos cultivated for years. Like fellow Seattle billionaire Bill Gates, he confirmed little curiosity in matching the glitzy way of life of different tech titans, akin to Oracle Corp.’s Larry Ellison, whose purchases have included a Hawaiian island and super-yacht.
That doesn’t imply Bezos hasn’t spent boatloads of cash. As properly as properties on each coasts, he has his personal rural getaway: 170,000 hectares of desert scrub in Texas, the place he indulges his ardour for area exploration. He’s beforehand mentioned that he’s funding rocket firm Blue Origin LLC with about $1 billion a yr by way of the sale of Amazon stock.
“The worth of admission to area could be very excessive,” Bezos said in 2018, accepting the Buzz Aldrin Space Exploration Award at the Explorers Club Annual Dinner. “I’m in the process of converting my Amazon lottery winnings into a much lower price of admission so we can go explore the Solar System.”
That nonetheless leaves a lot left over for different pursuits, from the Washington Post to a clock constructed in the Sierra Diablo mountain vary in Texas that’s designed to run for 10,000 years. He’s additionally at the moment home searching in Los Angeles, in response to the New York Post.
His wealth continues to be hovering. The worth of his remaining Amazon stock has climbed by $11 billion this yr.