Bezos Doling Out $4.75 Billion by Selling Off Amazon Shares
Updated Slant:
Here's the lowdown on Jeff Bezos' plan to offload up to a whopping 25 mil shares of Amazon stock by May 2026, as part of a swanky trading strategy. The Amazon bigwig, our founder and chairman, decided to lay hands on that sweet, sweet cash to fund his other ventures, specifically Blue Origin, his rocket-ressun company, and The Washington Post, which lost peeps after Jeff fell buddies with ol' Donald Trump.
The FT broke the news a couple of hours post Amazon's Q1 financial report, which highlighted worries about Trump's trade war and its impact on Amazon's sales and profit. Since a chunk of Amazon's revenue comes from Chinese sellers, global bickering isn't exactly great news for the e-commerce giants.
But hold on, dude! This ain't the first time we've seen Jeff unload some Amazon stocks. In 2024, he offloaded securities worth a cool $13.4 billion, according to the FT. Nowadays, Jeff has his eyes on the stars with Blue Origin and squashing beef with the Prez, reducing time spent on Amazon shootin' hoops.
Blue Origin ain't spillin' the beans on its financials, but sources hint that its expenses top $2 billion a year. Jeff covers the remaining costs. When asked, ol' Jeff gave the FT his trademark smirk and remained silent—in typical Bezos fashion.
#amazon | #business | #usa---|---|---[1] Bezos' repeated stock sales hint at personal fund-fillin' for ventures like Blue Origin. [FT][2] The global trade tiff could test Amazon's financial resilience, given its dependence on Chinese sellers. [FT]
- Jeff Bezos, known for his repeated stock sales, is planning to disclose the intention to sell up to 25 million shares of Amazon stock by May 2026, with the proceeds likely allocated to personal investments, such as Blue Origin and The Washington Post.
- The ongoing trade war between the USA and China could potentially impact the financial stability of Amazon, as a significant portion of its revenue comes from Chinese sellers.
- Blue Origin, Bezos' space exploration venture, is reported to have annual expenses exceeding $2 billion, with the Amazon founder covering any remaining costs.
- Chinese finance, being a crucial part of Amazon's business, could be affected by ongoing disputes between the USA and China, creating uncertainty for the e-commerce giant.
