Amazon CEO Jeff Bezos is one of the richest men in the world, occasionally even climbing to the top spot for a brief period when Bill Gates¡¯ value dips after a philanthropic donation.
Bezos is worth close to $95 billion, however, most of that wealth is tied up in his company¡¯s stock, which he partly liquidates every once in a while. This time was different however.?
Bezos usually sells about $1 million of his nearly 80 million Amazon shares whenever he wants to convert it to cash. However, the last time he made a transaction in May of this year, selling $940.7 of his stock. This time around, just last week, Bezos sold over $1 billion in share value.
Of course, that number is so much higher not because Bezos sold so many more of his shares, but because Amazon¡¯s value has skyrocketed in the recent quarters. The company¡¯s shares have gone up 48 percent over the past year, with an 18 percent hike in just the months since September.
Unfortunately, Bezos hasn¡¯t established just how he plans to channel that influx of money, although it¡¯s pretty safe to say he isn¡¯t filling a swimming pool with currency he can¡¯t dive into. Shame, really. Bezos also doesn¡¯t operate any philanthropic ventures like Microsoft CEO Bill Gates, or Facebook CEO Mark Zuckerberg.
On the other hand, the Amazon boss did say earlier this year that he plans to become more involved with charitable causes, even going so far as to ask Twitter what suggestion s they had for philanthropic initiatives he can back.
Then again, that money would also be very much appreciated by the Blue Origin aerospace team.?
Either way, he could still give literally swimming in a pile of money a whirl before sending that cash to its intended destination. No one would really blame him if he did.