Amazon.com founder Jeff Bezos executed the sale of approximately 12 million shares of the renowned online retail and cloud services company, totaling around $2 billion. The disclosure was made through a company filing on Friday, closely following Bezos’ announcement of a plan to divest his shares over the coming year.
The shares were sold during transactions conducted on Wednesday and Thursday, as indicated by the filings. Last week, Amazon had revealed that Bezos intended to sell up to 50 million shares.
The outlined sale plan, subject to specific conditions, was initiated on November 8, 2023, with the expected completion by January 31, 2025, according to information available in the company’s latest annual report.
Jeff Bezos, who transitioned from the position of Amazon’s CEO to executive chairman in 2021, founded the company in 1994 initially as a bookseller. Presently, he holds the title of the world’s second-richest person, boasting a net worth of $200 billion according to the Bloomberg Billionaires Index.
