Blue Origin founder Jeff Bezos speaks after receiving the 2019 International Astronautical Federation (IAF) Excellence in Industry Award during the the 70th International Astronautical Congress at the Walter E. Washington Convention Center in Washington, DC on October 22, 2019. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Jeff Bezos will sell up to 50 million of his Amazon shares

On Feb 6, 2024 11:13 44

Amazon founder Jeff Bezos will sell up to 50 million of his shares in the online retail and cloud services company by the end of next year.

According to Ukrinform, this was reported by Reuters.

The total proceeds from the sale of shares will amount to $8.6 billion at the current price per share of $171.8.

According to the company, this plan to sell Bezos’ shares, which is subject to certain conditions, was adopted on November 8 last year and will be completed by January 31, 2025.

It is noted that in 1994, Bezos founded Amazon as a book selling company. In 2021, he stepped down as the company’s CEO and took over as Amazon’s executive chairman.

Source processer.media

Amazon Jeff Bezos