Jeff Bezos, Founder of Amazon, Offloads Approximately $2 Billion Worth of His Shares
(Reuters) – Amazon.com founder Jeff Bezos sold about 12 million shares of the online retailer and cloud services company for about $2 billion, the company said in a filing on Friday shortly after it laid out a plan to sell its shares over the next year. .
According to the applications, the sale took place on Wednesday and Thursday.
Last week, Amazon said Bezos would sell up to 50 million shares of the company.
The sales plan made under certain conditions was approved on November 8, 2023, and it would be completed by January 31, 2025, according to the company’s latest annual report.
Bezos, who stepped down as the company’s CEO and took over as CEO in 2021, founded Amazon as a bookseller in 1994.
He is currently the second richest person in the world with a net worth of $200 billion according to the Bloomberg Billionaires Index.
