Jeff Bezos sells over $4bn of shares in Amazon
In this month alone, he has sold 24 million Amazon shares, having last sold Amazon shares in 2021
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Amazon founder Jeff Bezos has recently sold more than $4bn (£3.2bn) of his shares in the company, according to new regulatory filings in the US.
In this month alone, he has sold 24 million Amazon shares, having last sold Amazon shares in 2021. It comes as Amazon share prices reached a new high, with Bezos having offloaded his shares in two tranches worth $2bn (£1.6bn) each.
Earlier this month, the company said he was planning to sell 50 million shares over the next year, which are worth around $8.4bn (£6.7bn) currently.
The first sale of 12 million shares was announced in a regulatory filing on 9 February, followed by an announcement of the sale of another 12 million shares this week.
Bezos stepped down from his role as CEO of the company in 2021, and instead transitioned to the role of executive chair.
He was succeeded by Amazon Web Services CEO Andy Jassy, who has been with the company since 1997.
