Jeff Bezos Shocks the World: $5.7 Billion Amazon Sell-Off Right After Epic Wedding!

Jeff Bezos sells $5.7 billion in Amazon shares after wedding

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Jeff Bezos Gets Hitchedโ€”And Makes a FORTUNE! ๐Ÿ’ฐ๐Ÿ’

In a jaw-dropping twist at his extravagant wedding to Lauren Sanchez, Jeff Bezos didnโ€™t just say "I do"โ€”he 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 Billionaireโ€™s Selloff Bonanza! ๐Ÿ“ˆ๐Ÿ’ธ

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 stakeโ€”holding onto 884 million sharesโ€”still making him a force to reckon with among Amazonโ€™s top institutional shareholders!

The Insane Wealth of a 21st Century Titan! ๐ŸŒ๐Ÿš€

Donโ€™t 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 Amazonโ€™s stock soaring 26% over the last year, heโ€™s laughing all the way to the bank!

But wait! Itโ€™s 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 thatโ€™s a generous spirit!

SEC Strategy: The Billionaireโ€™s Backstage Pass! ๐Ÿ”‘๐Ÿ“Š

You might think Bezos is a stock market puppet master, but hold up! Heโ€™s tied to a 10b5-1 trading planโ€”a 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 letโ€™s not forget similar maneuvers from other tycoons like Alphabetโ€™s Sundar Pichaiโ€”proof that the rich are always strategizing!

Bezos: The Billionaire with a Heart? โค๏ธ๐Ÿ’ต

While Bezos hasnโ€™t taken the famed Giving Pledge, he insists heโ€™s committed to donating his wealth for good causes during his lifetime. In a recent revelation, he admitted heโ€™s โ€œbuilding 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 watchingโ€”this billionaire’s journey is just heating up!

photo credit: fortune.com

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Source: USD @ Thu, 31 Jul.