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

February 6, 2024SUNDRIES1 min read1,083 views

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.

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

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.

Sources

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