Soon after outlining a plan to sell his shares over the following year, Jeff Bezos, the founder of Amazon.com, sold almost 12 million shares of the online retail and cloud services giant for about $2 billion, according to a company filing on Friday.
The documents said that the sale happened on Wednesday and Thursday.
Amazon said last week that Bezos would divest up to 50 million company shares.
As per the company’s most recent annual report, the selling plan was adopted on November 8, 2023, subject to certain criteria, and is expected to be completed by January 31, 2025.
Bezos started Amazon as a bookshop in 1994. He left the firm as chief executive in 2021 and became executive chairman.
With a $200 billion net worth, he is currently the second richest person in the world, according to the Bloomberg Billionaires Index.
