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Bezos’ Billionaire Betrayal: Unloading Amazon’s Lifeblood


Jeff Bezos offloads billions, further cementing his status as a ruthless capitalist
Jeff Bezos, the face of capitalism’s dark underbelly

The ultimate symbol of greed, Jeff Bezos, is set to sell off almost US$5-billion worth of Amazon shares, further solidifying his position as the world’s second-richest person. Because what’s the point of having all that power and wealth if you can’t use it to flex your financial muscles?

According to a recent regulatory filing, Bezos plans to offload 25 million shares, a move that will no doubt send shockwaves through the already-skyrocketing stock market. The move comes after Amazon’s stock hit an all-time high, and we can’t help but wonder what Bezos is planning to do with the dough.

With the sale, Bezos will be left with a paltry 912 million Amazon shares, or a mere 8.8% of the outstanding stock. Meanwhile, the rest of us are stuck dealing with the consequences of his corporate empire’s relentless pursuit of profits. Because, let’s be real, who needs worker rights or social responsibility when you can have a fat wallet?

Bezos’s net worth is a staggering $214.4-billion, a sum that’s likely to continue growing as he hoards more wealth and laughs all the way to the bank. He’s also the founder of space company Blue Origin, because what’s a few billion dollars when you can send rich people to space?

Amazon’s recent financial reports were, of course, nothing but a glowing endorsement of the company’s relentless pursuit of profits. Because what’s the point of artificial intelligence and cloud computing if not to squeeze every last penny out of consumers and workers?

Read next: How Amazon’s Alexa overhaul will make it even harder for you to control your own devices



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