Bezos Sells $4bn Worth of Amazon Shares

Amazon founder Bezos sells shares worth over $4bn

Amazon founder Bezos sells shares worth over $4bn

Jeff Bezos, the founder and former CEO of Amazon, has sold shares in the company worth over $4 billion. The sale comes as Bezos continues to divest his stake in Amazon following his decision to step down as CEO.

Bezos sold approximately 1.8 million shares of Amazon stock, reducing his ownership stake in the company to around 10%. The sale was part of a prearranged trading plan that Bezos established in 2017.

Despite selling billions of dollars worth of shares, Bezos remains one of the richest people in the world. His net worth is estimated to be around $180 billion, making him the second-richest person in the world, behind only Elon Musk.

Bezos has said that he plans to focus on his other ventures, including his space exploration company Blue Origin and his philanthropic efforts through the Bezos Earth Fund. He also recently purchased the Washington Post newspaper.

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