Earlier in 2024, Bezos had already offloaded $13.5 billion worth of Amazon stock. Although he stepped down as CEO, he remains Amazon's largest shareholder.
This announcement comes shortly after Amazon released its Q1 2025 financial results on May 1. The company reported net sales of $155 billion for the quarter. While the online stores segment led performance, Amazon Web Services (AWS) continued to be a key area of focus. AWS generated $29.27 billion in revenue up 17% year-over-year, but a slowdown compared to the 18.9% growth in Q4 2024.
Bezos's decision to reduce his Amazon stake appears to reflect a shift in focus toward other ventures. He is increasingly involved in Blue Origin, his space exploration company, and continues to fund environmental initiatives through his $10 billion climate and biodiversity programs.
Amazon remains one of the world’s most valuable companies, with a market capitalization of $2.016 trillion. According to Forbes, Bezos’s net worth stands at $206.7 billion, ranking him as the second richest person globally, just behind Elon Musk.
Over the past six months, Amazon’s stock has declined by 2.96%, with the share price dropping by $5.80 to $189.98.
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