Jeff Bezos Cashed Out $5.7 Billion in Amazon Stock—Starting on His Wedding Day

Jeff Bezos didn’t just say “I do” in Venice last month—he also said goodbye to a huge chunk of Amazon stock.

Since tying the knot with Lauren Sánchez in a star-studded Italian wedding on June 27, the Amazon founder has sold a jaw-dropping $5.7 billion worth of shares, according to SEC filings. And yes, that stock sell-off kicked off the same day as the ceremony.

While most people were sipping champagne and tossing bouquets, Bezos was quietly cashing in $735 million in Amazon stock as part of a pre-planned trading strategy. That’s one expensive honeymoon fund.

The transactions are part of a 25 million-share trading plan Bezos set up earlier this year under SEC Rule 10b5-1—a mechanism execs use to avoid insider trading accusations. The most recent sale happened just last week, when he dumped another 4.2 million shares worth nearly $1 billion.

In total, the sales span late June through late July, right as Amazon stock has been on a tear—up 38% since April, helping boost Bezos’s already massive fortune.

Despite the splashy sell-off, Bezos still owns around 884 million shares of Amazon, or more than 8% of the entire company. That’s more than even some of the biggest institutional investors like Vanguard.

According to Bloomberg, his net worth now sits at a cool $252.3 billion, making him the third-richest person in the world.

This isn’t Bezos’s first massive divestment. Since stepping down as Amazon’s CEO in 2021, he’s sold more than $50 billion worth of stock. Last year alone, he offloaded 75 million shares for $13.6 billion.

But it’s not all going to yachts and rocket fuel—Bezos has also been funneling some of that cash into philanthropy and passion projects. On his wedding day, filings show he donated over 600,000 shares (worth nearly $190 million) to unnamed nonprofits. He’s previously said he plans to give away most of his wealth during his lifetime.

And of course, there’s Blue Origin, his space venture, which continues to eat up plenty of his spare capital (and headlines).

Some market watchers say the timing couldn’t have been better. Amazon’s stock is having a strong run, and analysts are keeping a close eye on the company’s upcoming earnings—especially to see whether its AI investments are starting to pay off.

With input from Fortune and New York Post.