"Bezos Sells $2 Billion in Amazon Stock, Nears World's Richest Person Title"

1 min read
Source: Business Insider
"Bezos Sells $2 Billion in Amazon Stock, Nears World's Richest Person Title"
Photo: Business Insider
TL;DR Summary

Jeff Bezos sold 12 million shares of Amazon stock, earning about $2 billion and positioning himself to potentially reclaim the title of "world's richest man." His net worth has surged to $200 billion, just $5 billion behind Elon Musk. The sale is part of a plan to sell 50 million shares by year-end, and with Amazon's stock rise, Bezos is closing in on Musk's fortune. Bezos previously held the title from 2018 to 2021, and the recent stock sale is not his first, but it may help him surpass Musk in the race for the top spot on the world's richest people list.

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