New Delhi: Amazon founder Jeff Bezos has once again become the second richest person in the world. Jeff Bezos' net worth increased due to the surge in Amazon's share price, after which he recently sold a large part of Amazon's shares. This has brought him back to second place in the list of the rich.

According to reports, Jeff Bezos has recently sold Amazon shares worth more than $3 billion. After the recent sale, a total of more than $13 billion worth of shares have been sold this year. The recent sale involved more than 16 million shares.

Price reached close to $200 per share

Jeff Bezos has sold Amazon shares when the price reached close to $200 per share. The last time the stock price reached this level was in July, when Bezos also sold a large number of shares. This is the highest price for Amazon stock since its 1997 listing on the NASDAQ.

After selling the recent stocks, Bezos' current net worth is $222 billion according to the Bloomberg Billionaires Index. In this way, he is in second place in the list of rich people. Tesla and SpaceX owner Elon Musk is in first place. After Bezos, Facebook founder Mark Zuckerberg is in third place in the list of rich people. According to the report, Bezos' wealth has increased by $42.8 billion year-on-year.

Invested in different projects

The main reason for the increase in his net worth is the rise in Amazon stock prices. Although the reasons why Bezos is constantly selling stock are unclear, he is constantly increasing investments in new ventures. Over the past few years, Bezos has sold Amazon shares to fund various projects, including his space program, Blue Origin. Despite constantly selling Amazon shares, Bezos remains one of the richest people in the world.

Amazon's stock price rose 7% this week, beating market expectations, according to a report. The performance adds to the company's strong stock growth over the past year, with shares rising more than 40%