Jeff Bezos, Amazon’s founder, has recently sold about 12 million shares of the e-commerce and cloud computing behemoth, earning approximately $2 billion, disclosed in a Friday company filing, aligns with his previously announced plan to gradually divest over the next year.
The shares were sold across Wednesday and Thursday, as detailed in the regulatory filings.
Amazon disclosed that Bezos planned to sell up to 50 million company shares. This structured sale plan, initiated on November 8, 2023, aims for completion by January 31, 2025, as outlined in Amazon’s latest annual report.
Bezos, who transitioned from CEO to Executive Chairman in 2021, launched Amazon as an online bookstore in 1994.
According to the Bloomberg Billionaires Index, he is the world’s second-wealthiest individual, with a current net worth of $200 billion.
