Daily Management Review

Jeff Bezos buys one Amazon share for the first time in 20 years


Analysts are baffled by Jeff Bezos' purchase of just one Amazon’s share for $115. The billionaire, who frequently sells off shares in the corporation to support his space initiatives and hobbies, made the purchase, his first increase in 20 years.

Daniel Oberhaus
Daniel Oberhaus
According to a document submitted to the US Securities and Exchange Commission (SEC), Amazon founder Jeff Bezos purchased one share for $114.77 at the end of May. 

The purchase marked the first rise in Bezos' ownership position in Amazon since at least 2002, which has baffled experts and observers. The billionaire has sold off shares in the business for nearly $30 billion over the previous 20 years to fund his space enterprise Blue Origin, purchase of yachts, and other projects.

Bezos currently owns 9.7% of Amazon and continues to hold control over the 2.9% interest that belonged to his ex-wife MacKenzie Scott. The majority of Bezos' fortune, which Forbes USA pegs at $146.2 billion, comes from his ownership of Amazon.

According to Bloomberg, analysts are baffled by Bezos' purchase of one share in Amazon. Mark Shmulik, an analyst at Sanford C. Bernstein, told the organization, "I'm trying to figure out what it was." He assumed that the billionaire was short one share to retake control of the business.

source: bloomberg.com