On Wednesday, Jeff Bezos submitted a plan to sell 25 million shares of Amazon worth $5 billion. The decision to sell the shares came after the sky-high jump in Amazon share prices.
The notice was filed on Tuesday.
Last February, Bezos sold shares worth about $8.5 billion which was the first time Bezos disposed of company stock since 2021.
The new sales would bring his total this year to roughly $13.5 billion, according to the Bloomberg Billionaires Index.
Bezos would still hold nearly 912 million shares, after the latest sale.
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