Jeff Bezos sells roughly $2 billion of Amazon shares


Amazon founder Jeff Bezos bought round 12 million shares of the net retail and cloud providers agency for roughly $2 billion, in accordance with an organization submitting on Friday, quickly after laying out a plan to promote his shares over the following yr.

The sale occurred on Wednesday and Thursday, the filings confirmed.

Final week, Amazon mentioned that Bezos would promote as much as 50 million shares within the agency.

The sale plan, which is topic to sure circumstances, was adopted on Nov. 8, 2023, and could be accomplished by Jan. 31, 2025, in accordance with the corporate’s newest annual report.

Final week, Amazon mentioned that Bezos would promote as much as 50 million shares within the agency. REUTERS

Bezos, who stepped down as the company’s chief executive and took over as government chairman in 2021, based Amazon as a bookseller in 1994.

He’s at the moment the world’s second richest person with a internet price of $200 billion, in accordance with Bloomberg Billionaires Index.


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