Jeff Bezos confuses stock analysts buying just one Amazon share for $114.77
text_fields
New York: Jeff Bezos, founder of online retailer Amazon, left share brokers in confusion buying just one share of Amazon.com Inc. for $114.77 two weeks ago.
This is the world's third-richest person’s first buying in records dating back to 2002.
On the other hand, Jeff Bezos is known for selling shares worth $30 billion since 2002, in order to fund his rocket company Blue Origin as well as buying new $500 million superyacht Koru.
Bezos owns nearly 10 percent of Amazon, which personally gives him a fortune of $148 billion, putting him in the top chart of richest, according to Bloomberg.
Now that he has bought stock on May 25, Bezos is $10 richer considering trade of Amazon shares at $124 on Friday.
Stock analysts found it hard to explain Bezo’s buying, and but on social media more imaginative users are making up theories.
Some users said he must have accidently clicked on buy button on his brokerage account, Bloomberg reported.
One user said ‘Bezos planned to give the physical certificate as a gift’.
Mark Shmulik, an analyst with Sanford C. Bernstein, joked that Bezos needed one more share to take control, as he owns 9.7 per cent of Amazon stock.
The report also said that Bezos gifted to a nonprofit organization 69,290 shares worth almost $8 million.
