According to AmazonIt is (NASDAQ:AMZN) According to the latest filings with the United States Securities and Exchange Commission (SEC), Jeff Bezos beneficially owns approximately 1.12 billion shares of the company, giving him a 10.8% stake. in the business. As expected, this makes Bezos Amazon’s largest shareholder, by far. As of this writing, Bezos’ shares are worth approximately $207 billion.
Amazon’s main shareholders are institutional investors
Beyond Bezos, Amazon’s largest shareholders are institutional investors, as is the case with most publicly traded companies. Financial institutions that offer index funds must hold a certain amount of stocks to track certain indexes. For example, an S&P 500 index fund like Vanguard S&P 500 ETF (NYSEMKT: VOL) must hold Amazon shares in proportion to its weight in the index based on the fund’s total assets.
Thus, Vanguard is Amazon’s largest shareholder, with 7.4% of Amazon shares held by Vanguard funds and their investors. black rock (NYSE:BLK) — also a major index fund operator — is the second-largest non-Bezos shareholder, with 6.1% of the company’s shares.
Amazon’s largest individual investors
When it comes to individual investors, the answer is a bit tricky. Unless you are a member of a public company’s board of directors, a key executive, or own more than 5% of the outstanding shares, your investment does not need to be publicly disclosed. However, among the members of these groups, Amazon CEO (and longtime company executive) Andy Jassy is the largest individual shareholder after Jeff Bezos. At the end of 2023, Jassy owned 2,119,566 shares of Amazon stock, a stake worth approximately $390 million.
However, there is a special case regarding Amazon. MacKenzie Scott (Bezos’ ex-wife) received about 4% of Amazon’s shares as part of the couple’s divorce in 2019. She has since sold a good portion of her shares, but she still owns a good chunk part and is the company’s largest individual shareholder, along with Jeff Bezos.
As part of the divorce agreement, Bezos retained voting rights to Scott’s shares, so they are included in his reported ownership. However, the latest proxy states that Bezos’ stock count includes 184,282,131 shares “for which Mr. Bezos has sole voting rights and no investment authority.”
This implies that Bezos actually owns approximately 938 million shares, giving him and Scott a 9% and 1.8% stake in the company, respectively.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Matt Frankel has positions in Amazon and Vanguard S&P 500 ETF. The Motley Fool has positions in and recommends Amazon and Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy.
Who owns the most Amazon stock besides Jeff Bezos? was originally published by The Motley Fool
