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Jeff Bezos sells roughly $2 billion of Amazon shares

2024.02.10 11:16


© Reuters. FILE PHOTO: The brand of Amazon is seen on the firm logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo

(Reuters) – Amazon.com (NASDAQ:) founder Jeff Bezos offered round 12 million shares of the web retail and cloud providers agency for roughly $2 billion, in keeping with an organization submitting on Friday, quickly after laying out a plan to promote his shares over the following yr.

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

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

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

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

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

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