Early on in the year, Jeff Bezos, the founder of Amazon, announced plans to sell roughly 12 million shares of the online retailer and cloud services company for nearly $2 billion.
Discover the latest update on Jeff Bezos’s financial move as Jeff Bezos Sells Approximately $2 Billion in Amazon Stock.
This information was revealed in a document made by the company on Friday.
On Wednesday and Thursday, the sale happened, according to the paperwork.
According to Amazon, Bezos would sell 50 million of the company’s shares last week.
According to the company’s most recent annual report, the selling plan was approved on November 8, 2023, subject to a few requirements, and will be finalized by January 31, 2025.
As a bookstore, Jeff Bezos created Amazon in 1994. He resigned as the company’s CEO in 2021 to become executive chairman.
He presently holds the second-highest net worth in the world (200 billion dollars), according to the Bloomberg Billionaires Index.
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