Amazon founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for over USD 2 billion, according to a company filing on Friday, shortly after laying out a plan to sell his shares over the next year.
The sale took place on Wednesday and Thursday, according to the fillings.
Last week, Amazon indicated that Bezos will sell up to 50 million shares in the business.
The selling plan, which is subject to certain conditions, was approved on 8 November 2023 and is expected to be finalised by 31 January 2025, according to the company’s most recent annual report.
Bezos, who stood down as CEO and became executive chairman in 2021, established Amazon as a retailer in 1994.
He is currently the world’s second richest person, with a net worth of USD 200 billion, according to the Bloomberg Billionaire Index.
