Apparently, Amazon’s share value has increased by over 66% since the beginning of March. The head and CEO of the company who sold one million shares this week has also profited from this.
It is worth knowing that:
– Jeff Bezos owns 54 million Amazon shares, which are worth a total of 190 billion USD.
– The billionaire’s fortune has increased by 75 billion USD this year.
– In early 2020, Bezos sold shares worth a total of 4 billion USD.
Amazon’s performance is better than expected
The shares that were owned by the company’s head were sold by him for a price of $3102 to $3183. The total value of the transaction is over $3.1 billion.
It’s not the first big sale made by the US billionaire. A year ago, he sold $2.8 billion in shares, and earlier this year, some $4 billion in shares.
Even after the sale, he has 54 million shares. His shares are worth almost 190 billion USD and his fortune has increased by 75 billion USD this year.
Due to the Coronavirus, Amazon’s figures have greatly improved. People made more online purchases, which resulted in a 40% revenue growth for Amazon in the second quarter of 2020.
Jeff Bezos and other CEO’s of large companies have been questioned by the US Congress at the end of July. The reason for the hearing was the concerns of US decision-makers about market monopolization by technology leaders.
5 days and a 5.65% increase in Amazon’s shares
The CEO himself had great dreams and this enabled him to achieve such financial results.