---
title: "Jeff Bezos to sell Amazon shares worth $5bn"
publisher: "Stockmark.IT"
author: "Stockmark.IT Website"
published: "2024-07-05T03:25:00+00:00"
modified: "2024-07-04T05:30:14+00:00"
date: 2024-07-05
canonical: "https://stockmark.it/jeff-bezos-to-sell-amazon-shares-worth-5bn/"
category: "Technology"
categories: ["Technology"]
image: "https://i0.wp.com/stockmark.it/wp-content/uploads/2022/11/amazon-sm.jpg?fit=480%2C270&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Jeff Bezos to sell Amazon shares worth $5bn

**Published:** July 5, 2024
**Author:** Stockmark.IT Website
**Categories:** Technology
**Featured image:** ![The image shows a close-up of the Amazon logo, featuring bold black letters and a yellow arrow, mounted on the exterior wall of a building in bright daylight. @ stockmark.it](https://i0.wp.com/stockmark.it/wp-content/uploads/2022/11/amazon-sm.jpg?fit=480%2C270&quality=89&ssl=1)

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Jeff Bezos is the founder and executive chair of Amazon and a multi-billionaire. He plans to sell shares worth almost $5 billion in the ecommerce group and technology. This will bring his total sales this year to over $13.4 billion.

The shares of the largest cloud computing and online retail company in the world hit a new record high on Tuesday, reaching $200.43. They have increased by nearly 52 percent over the last year. The shares closed at $197.59, down by 1.2 percent, or $2.41. Markets closed early ahead of the Independence Day holiday.

Bezos would have owned about 912 millions Amazon Shares after the plan. This is 8.8% of the stock.

It is not the first instance that Bezos has locked-in profits. Forbes says he is the second wealthiest person in the entire world, with a networth of $214.4 Billion. In February , he sold shares valued at approximately $8.5 billion following Amazon’s share price rally of four fifths by 2023.

Seattle-based company reported a dramatic increase in its net income in the first quarter of 2014, from $3.4 billion to $10,4 billion. This was due to a strong performance in both advertising and cloud computing.

Bezos also founded Blue Origin, a space company which launched six people to the edge in space last May. He is the owner of the Washington Post.

Warren Buffett made his largest annual donation to date, $5.3 billion worth of Berkshire Hathaway shares. He donated them to the Bill & Melinda Gates Foundation as well as four family charities. Buffett donated $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities last week, his largest annual donation since he began making them in 2006.

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