Billionaires with large holdings typically diversify their portfolios so they don’t have all their eggs in a single basket. Bezos also offloaded large amount of shares in August and February of this year, too. He has sold more than $10 billion worth of Amazon stock this year, according to OpenInsider’s compilation of Amazon’s regulatory filings. That’s up from nearly $3 billion in 2019.
Even with the massive stock dump, Bezos remains the world’s richest person, according to Bloomberg Billionaires Index. He’s worth $191 billion, an increase of $76 billion since the beginning of the year.