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![Jeff Bezos Secretly Bought One Amazon Share. It Earned Him... Jeff Bezos Secretly Bought One Amazon Share. It Earned Him...](https://c.ndtvimg.com/2022-07/ri0hq7i_jeff-bezos_650x400_04_July_22.jpg)
The Could 25 inventory buy has made him about $10 richer.
Jeff Bezos, the world’s third-richest individual, did one thing unusual two weeks in the past: He purchased a single share of Amazon.com Inc. for $114.77.
The share buy, disclosed in a submitting, is his first in information going again to 2002. The Amazon founder is best identified for promoting – he is unloaded roughly $30 billion price of inventory since 2002 to fund his varied pursuits, from rocket firm Blue Origin to private pleasures like his new $500 million superyacht Koru.
Following Amazon’s 1997 preliminary public providing, Bezos obtained no additional inventory in compensation and took solely a small wage. He nonetheless owns about 10% of the corporate, which accounts for the majority of his $148 billion fortune, in accordance with the Bloomberg Billionaires Index.
The Could 25 inventory buy has made him about $10 richer, as Amazon shares traded round $124 on Friday, boosted by a broader tech rally that pushed the S&P 500 Index right into a bull market this week.
Bezos’ transfer has confounded Amazon analysts and inventory watchers who do not know what to make of the singular buy. Social media was abuzz with theories, with one individual speculating that Bezos deliberate to provide the bodily certificates as a present and others quipping that he will need to have unintentionally clicked the purchase button on his brokerage account. Amazon and a consultant for Bezos declined to touch upon the acquisition.
“He wanted yet one more share to take again management,” joked Mark Shmulik, an analyst with Sanford C. Bernstein. (Bezos owns 9.7% of Amazon’s inventory and retains voting management over the two.9% stake owned by MacKenzie Scott, his ex-wife, in accordance with information compiled by Bloomberg.)
Shmulik’s severe reply, like everybody else: “I am attempting to determine what that was about.”
Then there’s the idea that Bezos is taking a web page from memelord Elon Musk.
Bezos’ buy was reported the next day at 4:20 p.m. New York time, in accordance with the submitting. He additionally gifted 69,290 shares price nearly $8 million to a nonprofit group, the submitting exhibits. The juvenile humor implied within the numbers led a number of individuals to invest that, maybe, we’re being trolled.
(Apart from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)
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