Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Whenever the billionaire founder of a company sells off some shares, eyebrows are raised. What could it mean? Is it a sign of trouble? SEC filings recently revealed that Jeff Bezos, the former CEO and current executive chair on the board of directors at Amazon (NASDAQ: ), plans to sell 25 million shares worth approximately $5 billion.
Investors may wonder if that’s a bad sign, and Bezos watchers may be curious about where the money might go next. The good news for investors is that Bezos isn’t jumping out of Amazon. These 25 million shares represent just a tiny part of his stake in the company, which is around one billion shares.
That works out to around $220 billion. Bezos might just be taking advantage of an opportunity. Amazon stock was down in 2023 and has spent much of the spring and summer on a steady upward climb, hitting a 52-week high recently.
Why not celebrate by taking a little off the top? And with another successful Prime Day event under Amazon’s belt, it seems like a good time to sell a little with the confidence that the rest will keep going up. Where might Jeff Bezos put $5 billion to good use? Bezos may have earned his billions through Amazon, but he’s not shy about spending them elsewhere. Aside from yachts, travel, and luxury goods, there are two main areas where we have seen Bezos devote a lot of money: real estate and investing.
He could always bu.