Jeff Bezos sells $666,000,000 of Amazon stock days after extravagant wedding
Someone had to pay for those goody bags
Jeff Bezos could be about to add a few extra dollars to his bank balance, with the Amazon overlord reportedly selling off millions of his stock holdings for the online marketplace.
With Amazon growing from the humble roots of an online bookstore in his Bellevue garage, the net worth of Jeff Bezos has continued to climb.
Remembered as the world's richest man from 2017 to 2021, Bezos was then overtaken by Elon Musk and currently sits in fourth place behind Larry Ellison and Mark Zuckerberg.
Still, with a reported $236.3 billion worth, and having just splashed out on a wedding reported to cost up to $50 million, he's not exactly short of a dollar or two.
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Bezos and Lauren Sánchez recently tied the knot in Venice, which can't have come cheap. Although the pair were accused of skimping on the invites and 'disappointing' goody bags, it's not exactly a low-budget affair when you've got the likes of Kim Kardashian and Leonardo DiCaprio in attendance.
According to CNBC, Jeff Bezos has just sold three million Amazon shares, coming in at a jaw-dropping $665.8 million.
A regulatory filing confirmed the sale, although it doesn't come as much of a surprise.
It was already announced that the company founder and current Chairman of the Board would unload up to 25 million Amazon shares through until May 2026.
After stepping down as CEO in 2021, Bezos sold some $736.7 million of stock during the last days of June 2025.
This is just the tip of a very large iceberg, and considering Bezos still has over 900 million Amazon shares that are valued at nearly $200 billion, we don't think he'll be running out anytime soon.
Bezos is still the largest Amazon shareholder, but despite the sale being pre-approved, conspiracy theorists over on Reddit claimed it's to pay for his lavish wedding and Sánchez custom Dolce & Gabbana dress.
One person said: "Poor guy has to pay for his wedding expenses."
Another added: "Having to face a massive credit card bill after getting married is relatable on his part
A third chimed in saying: "Crazy that this guys is so rich that it's considered ‘news’ when he sells less than 1% of his stock."
Reiterating this is just a drop in the ocean for a tech mogul like Bezos, someone else concluded: "The headline should read 'Jeff Bezos bought a Gumball'. Posts like these remind me that 99% of all people have no appreciation for the scale of 1 Billion dollars."
Looking at the bigger picture, Bezos' ownership of 905 million shares is down just under 9% from what he had on June 30, 2023. It should be noted that it's typical for founders to sell shares as a way to diversify their portfolio into new ventures and charitable contributions.
Still, with someone having to foot the bill for his wedding, the sale comes at a convenient time.