Jeff Bezos offloads $2 billion worth of shares from his company

Jeff Bezos, the founder of Amazon, is currently ranked at the top of the world’s richest lists. As a multi-billionaire, Bezos recently sold two billion dollars’ worth of shares in the e-commerce giant he founded. This information was revealed in documents that were submitted to the Securities Market Regulatory Authority on Friday.

Bezos sold approximately 12 million Amazon shares on Wednesday and Thursday, with each share having a price of 168-171 dollars. Earlier in the week, Bezos had made it known in documents released on Wednesday that he intends to sell 50 million Amazon shares next July.

Having founded Amazon three decades ago, Bezos stepped down from his position as CEO in 2021 but has remained as chairman of the company’s board. Despite this change in leadership, Bezos continues to be listed among the three richest people in the world according to both Forbes financial magazine and Bloomberg financial news agency’s billionaire listings.

By Editor

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