Amazon founder Jeff Bezos is selling about 12 million shares of the online retail and cloud services company for about $2 billion, shortly after he plans to sell his company’s stock over the next year, according to a company filing Friday. did.
The sale took place on Wednesday and Thursday, according to filings.
Amazon announced last week that Bezos would sell up to 50 million shares of the company.
The plan of sale, subject to certain conditions, will be adopted on November 8, 2023 and is expected to be completed by January 31, 2025, according to the company’s latest annual report.
Bezos, who stepped down as the company’s chief executive officer and became executive chairman in 2021, founded Amazon in 1994 as a bookseller.
He is currently the second richest person in the world with a net worth of $200 billion, according to the Bloomberg Billionaires Index.
