Sooner after outlining the plan to sell his shares by the following financial year Jeff Bezos the founder of Amazon sold almost 12 million shares of the online retail and cloud services firm for nearly $2 billion, according to the company filing on Friday.
The filing showed that the sale took place on Wednesday and Thursday. According to Amazon sources last week they revealed that Bezos would sell up to 50 million shares in the firm.
According to the company’s latest annual report, this specific sales plan which was adopted on Nov 8 2023 and which is contingent on certain circumstances would be completed by Jan 31 2025.
Jeff Bezos who founded Amazon as a bookseller in 1994, stepped down as the company’s chief executive and took over the company as executive chairman back in 2021.
According to the Bloomberg billionaire index Bezos is the currently second richest person in the world after Elon Musk with the estimated net worth of 200 billion dollar.
