Jeff Bezos is back in the headlines, and it’s not just for his $50 million wedding in Venice.
Over the past few days, the Amazon founder has sold off a jaw-dropping $773 million worth of Amazon stock. That’s on top of the billions he’s already sold this year.
While Wall Street says it’s all part of a “planned sale,” many conservatives are asking: What does Jeff Bezos know that the rest of us don’t?
A Billionaire’s Big Payday
Here’s what happened: On July 8, Bezos sold $665 million in Amazon stock. Two days later, on July 10, he sold another $108 million.
All of it was reportedly part of a “10b5-1” trading plan; basically a pre-scheduled agreement he made back in March to sell up to 25 million shares by May 2026.
On paper, that sounds normal, but folks on social media and in conservative circles aren’t convinced it’s just business as usual.
Bezos has already sold more than $5 billion worth of Amazon stock this year alone. Since 2002, he’s cashed out over $44 billion total.
Yet even after all those sales, Bezos still holds around 905 million shares, about 9% of Amazon. That’s more than $200 billion.
So why sell now?
Timing Is Everything
The timing has people talking. His latest sales came just weeks after his ultra-luxurious wedding to Lauren Sánchez, where Hollywood elites like Oprah and DiCaprio showed up in designer suits. Not exactly a backyard barbecue.
Others think he’s raising cash for his space company, Blue Origin. Or maybe he’s funding more of his charitable foundations like the Earth Fund or Day One Fund. Those are good causes, sure – but it still begs the question: why sell this much, this fast?
Adding to the suspicion is Bezos’ move from Washington state to Florida last year. Florida doesn’t have a state capital gains tax, and according to tax experts, that switch likely saved him more than $400 million.
Conservatives aren’t against people keeping more of their own money. But when billionaires can move states and sell billions in stock, it starts to feel like the game is rigged for the rich while everyday Americans are stuck paying more for eggs and gas.
What’s Going On with Amazon?
Amazon stock is still doing okay – it closed at $240 on July 9 and is up 9% this year. But that doesn’t mean everything’s rosy.
There’s talk that Amazon’s Prime Day numbers took a 41% hit compared to last year, according to a report by County Local News.
If true, that could be a sign shoppers are pulling back. Could rising prices, tariffs, or inflation be biting into the company’s core?
Some online voices speculate that Bezos may be “cashing out before the crash.” Maybe dramatic, but it reflects a real concern: do elites like Bezos have inside knowledge the rest of us don’t?
Conservative Concerns
There are a few red flags here:
- Market Warnings: Selling off this much stock while the economy feels shaky could be seen as a signal. What does Bezos see coming?
- Tax Strategy: Moving to Florida may have been legal, but it still rubs people the wrong way when regular Americans don’t have the same options.
- Corporate Leadership: Bezos stepped down as CEO, but he’s still executive chairman. When he offloads shares right after a poor sales report, it doesn’t inspire confidence in the company’s direction.
- Elite Disconnect: While middle-class families are tightening their belts, Bezos is throwing million-dollar parties and rocketing off into space. It’s hard not to feel like there are two sets of rules.
The Other Side
Wall Street analysts say these sales are expected. Some even say Amazon is in great shape, with new AI projects and strong long-term growth. The stock hasn’t crashed, and the sales only represent a tiny portion of Bezos’ holdings.
But many still aren’t buying the official story. Whether it’s because of shaky trust in big tech or frustration with the growing gap between rich and poor, Bezos’ billion-dollar moves are raising eyebrows.
And until there’s more clarity, you can bet folks will keep asking: What’s really going on behind the scenes?
This article was written with the assistance of AI. Please verify information and consult additional sources as needed.