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Yep. Bezos owns around 16%. He recently sold about 1% in May 2016 (May 3-5), then another 1% in August 2016 (Aug 2-4). These caused roughly a 1% and 2% decline
by owenversteeg 10y ago
Yep. Bezos owns around 16%. He recently sold about 1% in May 2016 (May 3-5), then another 1% in August 2016 (Aug 2-4). These caused roughly a 1% and 2% decline in the stock, respectively. In both cases it recovered within 3 days.
Obviously if he continued to liquidate his stock at around 2% absolutely per year, he'd reach zero in eight years. Bezos owning zero Amazon shares would be very weird if he was CEO, though. I imagine he could comfortably get down to owning 4-5% of Amazon without damaging the stock too much.
Disclaimer: I own Amazon through VFINX, and if you are Jeff Bezos and taking advice from my comment, uh, don't I guess.