The entrepreneur, philanthropist and commercial astronaut, who announced his intention to step down as chief executive of the company two years ago, entered into an agreement to sell so many shares of Amazon shortly after unveiling a plan to sell securities over the next year.
The share sale took place on Wednesday and Thursday, according to a company statement.
Bezos’ intention to sell up to 50 million shares of the company was announced by Amazon’s press service last week.
The company’s latest annual report stated that the sales plan was subject to certain conditions. It was adopted on November 8, 2023 and must be completed by January 31, 2025.
Creation of Amazon and intention to leave the post of CEO
Bezos founded one of the first online goods selling services, Amazon.com, in 1994. The site started operating in July 1995.
Jeffrey Bezos is the company’s largest investor, with public records indicating that he owns 83.9 million (14%) shares of Amazon.com.
Let us recall that the founder of the online store Amazon.com and the aerospace company Blue Origin, Bezos, who was recognized as the richest person in the world from 2018 to 2021 according to Bloomberg, announced in February 2021 his desire to leave the post of CEO of Amazon, and move to the position of executive chairman of the board of directors. He will be replaced by Amazon Web Services CEO Andy Jesse.
Now Bezos, according to the Bloomberg Billionaires Index, is called the second richest person in the world with a fortune of $200 billion.
2024-02-11 03:49:39
#Bezos #sold #billion #worth #Amazon #shares
