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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Bezos to Sell $5 Billion of Amazon Shares


Thu 04 Jul 2024 | 09:28 AM
Jeff Bezos
Jeff Bezos
Rana Atef

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.