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Jeff Bezos Gets HitchedโAnd Makes a FORTUNE! ๐ฐ๐
In a jaw-dropping twist at his extravagant wedding to Lauren Sanchez, Jeff Bezos didnโt just say "I do"โhe netted a staggering $735 MILLION! On the very day of his lavish vows, the Amazon mogul was busy offloading 3.3 million shares of his own company. That’s right! While most newlyweds are stressing over honeymoon costs, Bezos raked in tens of millions!
A Financial Frenzy: The Billionaireโs Selloff Bonanza! ๐๐ธ
June 27 was just the beginning for Bezos! Between June and July, he unleashed a total of $5.7 BILLION from Amazon stocks, selling millions of shares at record prices! Talk about a wedding gift! While you were sipping champagne, he was cashing in on shares selling for up to $233 EACH!
Want to know how he did it? Simple! With the Amazon stock up 5.5% in just a month, Bezos maintained his massive stakeโholding onto 884 million sharesโstill making him a force to reckon with among Amazonโs top institutional shareholders!
The Insane Wealth of a 21st Century Titan! ๐๐
Donโt think for a second that these moves are harming Bezos’s wealth! His net worth has skyrocketed to a jaw-dropping $252 BILLION, placing him firmly as the THIRD-RICHEST PERSON on the planet! With Amazonโs stock soaring 26% over the last year, heโs laughing all the way to the bank!
But wait! Itโs not just about the cash for Bezos. On that same wedding day, he made philanthropic waves by privately donating over 633,812 SHARES to charities. Now thatโs a generous spirit!
SEC Strategy: The Billionaireโs Backstage Pass! ๐๐
You might think Bezos is a stock market puppet master, but hold up! Heโs tied to a 10b5-1 trading planโa smart, pre-planned strategy that keeps the wolves at bay when critics roll in about insider trading! This rule lets him sell shares without breaking a sweat, all based on a formula!
And letโs not forget similar maneuvers from other tycoons like Alphabetโs Sundar Pichaiโproof that the rich are always strategizing!
Bezos: The Billionaire with a Heart? โค๏ธ๐ต
While Bezos hasnโt taken the famed Giving Pledge, he insists heโs committed to donating his wealth for good causes during his lifetime. In a recent revelation, he admitted heโs โbuilding the capacityโ to give away his riches. So, while he accumulates billions, who knows where those funds will end up?
In the world of Jeff Bezos, love and fortune intertwine in an epic saga that continues to unfold! Keep watchingโthis billionaire’s journey is just heating up!
photo credit: fortune.com
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