Bezos Sold More Than $ 3.0 Billion Worth Of Amazon Shares This Week

Bezos Sold More Than $ 3.0 Billion Worth Of Amazon Shares This Week

Amazon CEO Jeff Bezos this week sold more than $ 3.0 billion worth of shares in his company. This emerged from mandatory reports to the US Securities and Exchange Commission. According to SEC data, Bezos has already cashed in Amazon shares worth over $ 10.2 billion, around 8.7 billion euros, this year. The 56-year-old star entrepreneur founded Amazon in 1994 and is still the largest single shareholder in the world's largest internet retailer. With an estimated fortune of around $ 190 billion, Bezos is the richest person in the world, according to Forbes and Bloomberg Billionaires. Amazon last had a market value of $ 1.6 trillion. The share price has risen by over 75 percent since the beginning of the year. In the third quarter, sales climbed to $ 96.1 billion, around € 82.3 billion, as the company announced last week. The profit even tripled to the previous record of 6.3 billion dollars. Amazon forecast revenues of between $ 112 and 121 billion for the current quarter, which would correspond to growth of between 28 and 38 percent year-on-year. It would be the first time that the company cracked the sales mark of $ 100 billion. With its delivery services, Amazon had already benefited greatly in the previous quarters from the fact that the demand for orders on the Internet increased sharply during the corona pandemic. Overall, the quarterly figures clearly exceeded the forecasts of Wall Street analysts. Amazon's lucrative cloud business with IT services and storage space on the Internet has recently continued to flourish.