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Days after getting married to Lauren Sanchez, Jeff Bezos gets richer by Rs 63000000000 due to…

Days after getting married to Lauren Sanchez, Jeff Bezos gets richer by Rs 63000000000 due to…

India.com6 hours ago
Jeff Bezos, the founder of Amazon, has sold a major chunk of his Amazon shares within days after his wedding to Lauren Sanchez. According to a regulatory filing in the US and a report by Bloomberg, Bezos sold more than 3.3 million Amazon shares and earned around $736.7 million from the deal. This will value around Rs 6,300 crore in Indian currency. Why Jeff Bezos Sold Amazon Shares?
This stock sale was actually a pre-planned agreement known as a 10b5-1 trading plan. It was already adopted by Bezos in March 2025. These trading plans allow top executives and insiders to sell company shares at scheduled times to avoid any concerns related to the insider trading. As per this plan, Bezos wants to sell up to 25 million Amazon shares by the end of May 2026. What Is Jeff Bezos's Net Worth
Bezos, who is now the third-richest person in the world. According to Bloomberg Billionaires Index, he has sold share sales in the past. In 2023 also he sold around 75 million shares of $13.6 billion as per the same method. He had used this method to support other ventures like space exploration company, Blue Origin. His current net worth is around $241 billion.
The timing of this latest stock sale was discussed more in the news because it happened after Bezos' wedding to Sanchez in Venice, Italy. The wedding ceremony, held for three days. Many celebrities from the world were invited for the same. According to media reports, the overall cost of the wedding events was around $50 million. Although the share sale happened after the wedding, it has no connection with it and was executed as part of his scheduled trading plan.
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More women join top IIMs as gender diversity rises
More women join top IIMs as gender diversity rises

Time of India

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  • Time of India

More women join top IIMs as gender diversity rises

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Time of India

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  • Time of India

Kusum-C scheme: Target to generate 2,400MW solar power for farmers, says George

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