Amazon founder Jeff Bezos sold more than $3 billion in Amazon shares, according to regulatory filings released Friday. This will bring total Amazon stock sales in 2024 to more than $13 billion.

As Amazon’s shares approached $200 per share again, Bezos sold more than 16 million shares and reached this level in July, when Bezos also sold shares. This marked the stock’s highest valuation since Amazon’s 1997 NASDAQ debut Geek Wire. reported.

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The sale follows Amazon’s strong third-quarter earnings report, which beat expectations.

With a net worth of $222 billion, Bezos became the second richest person in the Bloomberg Billionaires Index, with an annual increase of $42.8 billion, thanks to Amazon’s stock performance. Elon Musk continues to dominate the first place.

As of February, Bezos held approximately 10.8 percent of Amazon’s outstanding shares.

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On the other hand, Bezos, who also owns the Washington Post, commented on the newspaper’s recent decision to stop supporting presidential candidates, stating that this addressed the “credibility gap” in the media industry.

In his article on the Post’s website, Bezos said: “Most people believe the media is biased. Anyone who does not see this is paying too little attention to reality.”

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He explained that the Post’s decision was not related to former President Donald Trump’s meeting with Blue Origin executives, one of Bezos’ companies, that took place on the same day. According to Bezos, the meeting was arranged quickly and without his knowledge.

“I sighed when I found out because I knew it would provide ammunition to those who wanted to frame this as nothing more than a principled decision,” he wrote.