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Time of India
3 days ago
- Business
- Time of India
Jeff Bezos made $735 million off Wall Street during his wedding, but the real story is still unfolding
Most couples head into marriage with hearts full of love and honeymoon plans, but had another companion on his wedding day—Wall Street. On June 27, 2025, while exchanging vows with media personality Lauren Sánchez aboard his luxury superyacht Koru off Italy's Amalfi Coast, Bezos sold more than 3.3 million Amazon shares, netting $735 million, according to Fortune's review of SEC filings. Tired of too many ads? go ad free now The sales didn't stop there. In the weeks following the wedding, the Amazon founder continued offloading stock, ultimately liquidating shares worth $5.7 billion between late June and late July, capitalising on Amazon's rising stock prices. Jeff Bezos wedding celebrations coincide with one of his biggest Amazon stock liquidations The wedding celebrations were marked by opulence, a yacht worth half a billion dollars, celebrity guests, and stunning Mediterranean scenery. Yet, alongside champagne toasts and romantic moments, Bezos was executing one of his largest stock selloffs in recent history. On the day of the wedding, shares were sold between $221 and $223. By July 24, 2025, Bezos had sold over 24 million shares, benefiting from Amazon's stock price surge beyond $233. Despite the massive liquidation, Bezos still holds 884 million Amazon shares, preserving his status as the company's largest individual shareholder and cementing his rank as the world's third-richest person, with an estimated net worth of $252 billion as reported by Bloomberg Billionaires Index. Jeff Bezos uses planned stock sales to avoid insider trading issues The selloff was not impulsive but executed under the SEC's Rule 10b5-1, which allows corporate executives to schedule share trades in advance. This system ensures trades are conducted at arm's length, reducing the risk of accusations related to insider trading. Other tech leaders, such as Alphabet CEO Sundar Pichai, have adopted similar trading frameworks. For Bezos, this reflects a strategic wealth management approach, balancing liquidity needs, market timing, and public perception while maintaining confidence in Amazon's long-term performance. Tired of too many ads? go ad free now Beyond wealth management, Bezos also made substantial charitable contributions. According to a Form 144 filing dated June 27, he donated 633,812 Amazon shares across May and June to undisclosed nonprofit organizations. This low-profile philanthropic move aligns with Bezos's stated goal of giving away most of his fortune over his lifetime. While he has not signed The Giving Pledge, as reported to CNN in 2022:'We are building the capacity to be able to give away this money.' These donations highlight Bezos's evolving focus on philanthropy, emphasizing capacity-building for impactful giving rather than publicized gestures. Jeff Bezos balances love, wealth, and giving Jeff Bezos's wedding week encapsulated three key elements of billionaire life—personal milestones, financial strategy, and social impact. By combining a lavish wedding with a preplanned stock selloff and discreet charitable donations, Bezos demonstrated how high-net-worth individuals manage liquidity events without alarming investors or drawing controversy. With Amazon stock surging, philanthropic commitments growing, and his wealth firmly intact, Bezos continues to influence global business, technology, and now even high-profile personal finance strategies. Also Read |
Time of India
3 days ago
- Business
- Time of India
Jeff Bezos made $735 million off Wall Street even on his wedding day. But that's not the whole story
While most couples embark on their honeymoon with packed bags and fluttering hearts, Jeff Bezos had an additional companion on his wedding day- Wall Street. On June 27, 2025, as he married media personality Lauren Sanchez , the Amazon founder quietly made $735 million by selling more than 3.3 million Amazon shares, according to Fortune , citing SEC filings. Yes, even amid champagne toasts and vows of forever, Bezos's fortune swelled. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Data Analytics Project Management Data Science Others Product Management Finance MCA others Operations Management Degree PGDM Technology Artificial Intelligence Healthcare Management Leadership Cybersecurity Data Science healthcare Design Thinking CXO Digital Marketing Public Policy Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details And that was just the beginning. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo Over the weeks that followed, Bezos continued to trim his stake in Amazon, ultimately offloading stock worth a staggering $5.7 billion between late June and late July. The selloff occurred under a pre-arranged 10b5-1 trading plan filed in early May, which allows corporate executives to schedule trades in advance, shielding them from allegations of insider trading. Lavish Love, Lush Liquidity The wedding itself, held aboard Bezos's luxury yacht Koru off the Amalfi Coast, symbolized the couple's extravagant lifestyle. But the simultaneous financial move—a major liquidation of shares—adds an ironic twist to the celebrations. You Might Also Like: Jeff Bezos-Lauren Sanchez's wedding had a Gujarati-origin Harvard grad guest. Who is Mona Patel? Check educational qualifications, career The shares sold on June 27 were priced between $221 and $223, Fortune's calculation shows. By July 24, Bezos had sold more than 24 million Amazon shares at steadily rising prices—peaking above $233—capitalizing on Amazon's recent market upswing. Yet despite the mammoth selloff, Bezos remains Amazon's largest individual shareholder, retaining around 884 million shares. With a current net worth of $252 billion (as per Bloomberg's Billionaires Index), he comfortably holds his spot as the world's third-richest person. What's the Plan, Jeff? The sales were not impulsive. The SEC's Rule 10b5-1 mandates a formulaic and arms-length approach to such trades. Once the plan is in place, neither Bezos nor his advisors can tweak the amount or timing, ensuring that insider information doesn't influence the transactions. A similar strategy has recently been employed by Alphabet CEO Sundar Pichai, who also used a 10b5-1 plan to orchestrate a sizable selloff. You Might Also Like: Natasha Poonawalla attends Jeff Bezos and Lauren Sanchez's Venice wedding This mechanism suggests a deliberate wealth-management blueprint from Bezos—balancing liquidity, market timing, and optics. After all, few billionaires want their stock selloffs to look like sudden moves. The Quiet Side of Giving Alongside these blockbuster trades, Bezos has also quietly donated over 600,000 Amazon shares to unnamed nonprofit organizations. According to a Form 144 filing dated June 27 (the same day as his wedding), Morgan Stanley, filing on Bezos's behalf, reported contributions of 633,812 shares across May and June. The recipients of these generous gifts remain undisclosed, reflecting Bezos's relatively low-key approach to philanthropy—at least in terms of visibility. While he has not signed The Giving Pledge, the billionaire stated in a 2022 interview with CNN that he plans to give away the majority of his wealth over his lifetime. 'We are building the capacity to be able to give away this money,' he said at the time.
Fox News
7 days ago
- Entertainment
- Fox News
Lauren Sánchez Bezos turns heads in sheer outfit during Saint-Tropez date night
Lauren Sánchez Bezos turned heads during a night out with husband Jeff Bezos. The newlyweds were photographed walking hand in hand while leaving a restaurant in Saint-Tropez. The former entertainment news reporter wore a sheer leopard-print dress, which she paired with a little black purse and black heels. She kept her makeup look to a minimum and wore her hair in a messy updo. The Amazon CEO walked next to her in gray pants and a collared blue shirt, which he paired with blue shoes and a pair of sunglasses. The couple were also photographed hopping on a boat as they were leaving Le Club 55 in Saint-Tropez. She wore a sheer black dress with a flowing skirt, which she accessorized with a gold belt around her waist, big gold hoop earrings, a chunky gold bracelet, sunglasses and a large black sunhat. The couple have been in their honeymoon phase since tying the knot June 27 in Venice, Italy. The ceremony was part of a three-day extravaganza. Many of Hollywood's biggest stars, including Leonardo DiCaprio, Orlando Bloom, Kim Kardashian and others made their way to Italy for the couple's nuptials. Also in attendance was Gayle King, who recently joined Lauren in the all-female flight to space. During the ceremony, Lauren walked down the aisle in a Dolce & Gabbana mermaid dress with sheer long sleeves and a high neckline. She appeared on the cover of Vogue's June issue in the dress, telling the outlet it made her feel "like a princess" and that it was inspired by the dress Sophia Loren wore in the 1958 movie "Houseboat." "It went from 'I want a simple, sexy modern dress' to 'I want something that evokes a moment' and where I am right now. I am a different person than I was five years ago," she told the outlet. She acknowledged her choice was more conservative compared the revealing looks she has worn in the past, conceding it was a "departure" from what others expected and even from what she expected, but she explained "it's very much me." Designer Stefano Gabbana told Vogue Lauren wanted "a very classic and elegant wedding" and "didn't want to do something very flashing or bling bling." Jeff and Lauren went public with their relationship in 2019 once she separated from her husband, Patrick Whitesell, and Bezos finalized his divorce from MacKenzie Scott. He proposed to her in May 2023 while aboard his $500 million yacht, Koru. "More than the dress, I'm happy that I'm getting married, and I get to spend my life with my best friend, someone who sees me, someone who adores me, someone who I adore. I am the luckiest woman on the planet," she said.
Yahoo
23-07-2025
- Entertainment
- Yahoo
Celebrities Who Called Out Jeff Bezos Lauren Sanchez's Wedding
Right now, you can't escape Jeff Bezos and Lauren Sánchez, who have been all over the news for their highly controversial wedding in Venice. As many know, the pair confirmed their relationship in Jan 2019 after weeks of speculation, got engaged in May 2023 while on Bezos' $500 million yacht named Koru, and then they married in a $50 million Venice event in late June 2025. And everyone has thoughts about it, including some A-listers who are calling out the lavish ceremony. Their wedding is one of the biggest we've seen from celebrities, and one of the most controversial. One of the biggest reasons for controversy is how extremely exorbitant it all is, especially during such a turbulent time for so many Americans. Sanchez's multiple dresses reportedly cost upward of a million dollars, with the hotels being around $900,000, and over a million dollars in catering. That's not including security, transportation, and entertainment. Then, there's also the fact that they rented out so much of Venice, despite the persistent pushback and protests from locals. While many A-listers did go to the wedding, just as many have been calling out the event, including A-listers like Charlize Theron and Olivia Munn; and it's got Hollywood talking. Below, see which celebrities called out or took jabs at Bezos and Sanchez's wedding. More from SheKnows One of Jeff Bezos & Lauren Sánchez's Pals Just Shattered a Major Misconception About Their Wedding Best of SheKnows Everything We Know About Carolyn Bessette's Life Before JFK JR 29 Times Gisele Bündchen's Red Carpet Fashion Proved She's the Ultimate Supermodel 68 Celebrities Who Share a Famous Ex Mia Farrow Mia Farrow decided to take a jab by uplifting Bezos' ex-wife Mackenzie Scott, posting to Instagram: 'How awesome is MacKenzie Scott! ( jeff Bezos first wife & mother of his 4 children) ). As of mid-December 2024, she had given a total of $19.3 billion to over 1600 charitable organizations.' Charlize Theron At the Charlize Theron Africa Outreach Project 2025 Block Party, Charlize Theron poked fun at Bezos and Sanchez saying to the attendees, 'I think we might be the only people who did not get an invite to the Bezos wedding. But that's OK because they suck and we're cool.' Olivia Munn On the day after Bezos and Sánchez tied the knot, Olivia Munn subtly threw shade at them by reacting to Mia Farrow's Instagram post praising the Amazon founder's ex-wife, Mackenzie Scott. 'How awesome is MacKenzie Scott! ( jeff Bezos first wife & mother of his 4 children),' her post said. 'As of mid-December 2024, she had given a total of $19.3 billion to over 1600 charitable organizations.' Munn reacted by saying, 'Truly incredible,' and this comes after her explosive rant about the Blue Origin space trip, per CNN. Katie Couric Katie Couric commented on Sanchez's wedding dress, saying, via New York Post: 'Welcome to the eighties — when big hair and conspicuous consumption ruled. Apparently, tacky is back.' Rosie O'Donnell 'The BEZOS wedding. It turned my stomach seeing all these billionaires gathering in the gross excess of it all, the show of it. Is Oprah friends with Jeff [Bezos]. Really – how is that possible,' Rosie O'Donnell wrote on Instagram. 'And his fake fem bot wife. Who looks like that? Why would he choose her? After the salt of the earth MacKenzie. Sold his soul is what it looks like from here. The devil is smiling at all his conquests.' Jenna Bush Hager Jenna Bush Hager called out the fact that there were literal protests about the wedding. 'Everybody's talking about it,' she said to co-host Maria Shriver via EOnline. 'It's very public. There's protests in Venice, which I personally would hate.' Megyn Kelly 'I don't know what she's doing, because unlike him, she was more beautiful before. She was actually very pretty when she was just normal, and now she's my age, I don't know what she's done,' Megyn Kelly said via Meaww. 'I can't imagine living my life like that for the pleasure of somebody, and I guess the inherent deal is, you get all the money, and it's just worth it? No.' She then called the wedding a 'real middle-finger-with-the-money-splayed-out, Marie Antoinette moment.' Meghan McCain Meghan McCain also took a jab, calling the wedding a 'waste of money' on her Citizen McCain podcast. She blasted the 'egregious … display of gratuitous wealth' event, adding there is 'a lot of anger about [billionaires] not paying their fair share of taxes [and] not giving back the way they should.' She added, '[Bezos said], 'Screw it, Im gonna have the most ridiculous, gaudy, over-the-top, celebrity-filled wedding in a city that I have no relationship to … and we're gonna screw up this city for a period of time and then show the entire world how much money we have and how much money you don't,'' Solve the daily Crossword
Yahoo
23-07-2025
- Business
- Yahoo
The Mind-Boggling Net Worth in Venice for Jeff Bezos and Lauren Sánchez's Wedding
Venice is suffering through an all-out billionaire invasion as Jeff Bezos and Lauren Sánchez prepare to tie the knot in the floating city. Among the arrivals: media tycoons, tech titans, Hollywood elites, and royals—collectively worth close to half a trillion dollars, or the equivalent of Nevada and New Hampshire's GDP combined. Here's a look at who's descending on Venice—and just how rich this guest list really is. Jeff Bezos and Lauren Sánchez: $226.7 Billion The Amazon founder, 61, and his TV-anchor-turned-Hollywood fiancée, 55, are throwing the 'wedding of the century,' shelling out over $50 million for the affair—nearly double Sánchez's $30 million net worth. Amid local protests accusing them of turning Venice into a 'playground for oligarchs,' the couple welcomed some 200 A-list guests to their celebration, many who arrived this week by private yacht while others clogged Marco Polo airport with private jets. Bezos also invited President Donald Trump, but despite the president's affinity for billionaires and gilded spectacles, he declined, citing scheduling conflicts. Bill Gates: $116.5 Billion The Microsoft co-founder, 69, touched down in his private jet on Thursday and later attended the wedding's welcome party alongside his girlfriend, Paula Hurd—the widow of Oracle CEO Mark Hurd. The couple previously attended Bezos and Sanchez's engagement party aboard the Blue Origin founder's $500 million superyacht, the 417-foot-long 'Koru,' in 2023. Lachlan Murdoch: $2.1 Billion One of several media tycoons to show up for the wedding, Lachlan Murdoch, 53, is the son of 94-year-old publishing magnate Rupert Murdoch and the heir to the family's multibillion-dollar media empire. He arrived in Venice with his wife Sarah. The Kardashians: $2.6 Billion Kim Kardashian, 44, tops the clan's net worth list at $1.7 billion, followed by Kylie Jenner, 27, at $670 million. The Kardashians—close friends with Sanchez—have built their fortunes through business ventures launched off the back of their reality-TV fame. Kim and Kylie are accompanied by their poorer sisters Khloé Kardashian and Kendall Jenner, and momager Kris Jenner, 69, who brought boyfriend Corey Gamble for the gondola ride. Francois-Henri Pinault: $18.8 Billion Francois-Henri Pinault, 63, heir to the Pinault family's massive fortune, is the head of luxury group Kering, which owns brands such as Yves Saint Laurent, Gucci, and Balenciaga. He was spotted without his wife, actress Salma Hayek. Barry Diller and Diane von Fürstenberg: $5.2 Billion Barry Diller, another media mogul, is the chairman of IAC (a co-owner of the Daily Beast) and is attending the festivities with his wife, fashion designer Diane von Fürstenberg. The couple, 83 and 78, are longterm friends of Bezos and Sánchez, and their yacht is said to have inspired the design of Bezo's Koru. Oprah Winfrey: $3.1 Billion The world's richest talk-show host, 71, was pictured boarding a boat after her private jet landed in Venice on Thursday. Oprah Winfrey was accompanied by her best friend, CBS Mornings anchor Gayle King, 70, who took part in Sánchez's 11-minute trip to the edge of space aboard the Blue Origin rocket in April. King and Sanchez declared themselves astronauts; the official definition does not agree. Domenico Dolce and Stefano Gabbana: $4.5 Billion Rumor has it Sánchez chose Dolce & Gabbana for her wedding gown—so, naturally, the men behind the legendary fashion house made the trip to Venice. Like many other guests, Domenico Dolce, 66, and Stefano Gabbana, 62, are staying at five-star hotels situated directly on the Grand Canal, like the Aman and the Gritti Palace. John Elkann: $2.8 Billion John Elkann, 49, (left) is the head of the Agnelli family—a multi-industry business dynasty built by his great-great-grandfather, Fiat founder Giovanni Agnelli. In addition to chairing automaker Stellantis, which makes Dodge and Jeep in the U.S., Elkann is the CEO of Exor, a holding company with controlling stakes in Ferrari, The Economist, and Fiat. He is accompanied by wife Lavinia Borromeo (right). Ari Emanuel: $1 Billion One of Hollywood's most powerful—and wealthiest—talent agents, Emanuel, 64, is linked to Sánchez and Bezos through his agency, Endeavor. He also serves as chairman and CEO of media conglomerate TKO Holdings Group, which owns both the Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE). Emanuel was the real-life inspiration for Ari Gold on the HBO series Entourage. Ivanka Trump and Jared Kushner: $840 Million Although her father skipped the occasion, Ivanka Trump, 43, made the trip across the Atlantic with her husband Jared Kushner, 44—who may soon crack the billionaire ranks through his investment firm Affinity Partner—and their three kids. 'Ready to celebrate the love story of our friends,' Ivanka posted on X. Queen Rania of Jordan: $35 Million Rania, 54, has reportedly maintained a close friendship with Bezos and Sánchez ever since Bezos first visited her and her husband, King Abdullah II, 63, at Jordan's royal palace in 2016. She was joined in Venice by her son, Crown Prince Hussein, his wife, Princess Rajwa, and their newborn daughter. Solve the daily Crossword
