The curious profit that Bezos obtained after buying an Amazon share

Jeff Bezosthe third richest person in the world, did something strange two weeks ago, buy a single amazon Inc. for $114.77. It is his first purchase of shares in records dating back to 2002.

(See: The tycoons who lost part of their fortune in 2022)

He amazon founder is best known for selling, has dumped about $30 billion in stock since 2002 to fund his various ventures, from the Blue Origin spacecraft company to personal pleasures like his new $500 million yacht Koru.

After Amazon’s initial public offering in 1997, Bezos has received no further shares in compensation and accepted only a small salary.. He still owns about 10% of the company, which accounts for most of his $148 billion fortune, according to the index. Bloomberg Billionaires.

(See: Musk loses throne and crypto falls: 2022 blows to the richest)

The May 25 purchase of that single share increased his fortune by about $10.since the actions of Amazon They were trading around $124, buoyed by a broader rally in the tech sector that sent the S&P 500 Index into a bull market this week.

The act of Bezos has confused Amazon analysts and stock watchers, as who do not know what to do with the unique purchase.

Jeff Bezos and Amazon

Instagram: @jeffbezos

Theories abounded on social media. One person speculated that
Bezos planned to give the physical certificate as a gift, while others joked that he must have accidentally clicked the buy button in his brokerage account.

Amazon and a representative for Bezos declined to comment on the purchase. “I needed one more action to regain control”joked Mark Shmulik, an analyst at Sanford C. Bernstein. Bezos owns 9.7% of Amazon shares and retains voting control over the 2.9% stake owned by MacKenzie Scott, his ex-wife, according to data compiled by Bloomberg.

(See: Tips from Jeff Bezos for dealing with an economic downturn)

Shmulik’s serious response, like everyone else’s, was that “andI’m trying to find out why he did that.”. Then there’s the theory that Bezos is following the example of the king of memes, Elon Musk.

The Bezos purchase was reported the next day on May 26 at 4:20 p.m. New York time, according to an SEC filing. youHe also donated 69,290 shares worth nearly $8 million to an organization non-profit, according to the document.

The childish humor implicit in the numbers led several people to speculate that, perhaps, he is pulling their leg.

(See: Jeff Bezos announced that he will donate his fortune in life: what will he use it for?)


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The curious profit that Bezos obtained after buying an Amazon share