Jeff Bezos has outlined plans to sell almost $5bn worth of Amazon shares days after the technology giant’s market value crossed the $2tn mark, which would bring the total he has offloaded this year to more than $13.4bn.
The expected sale of 25mn Amazon shares in July, worth $4.9bn and disclosed in regulatory filings, comes after Bezos sold $8.5bn worth of stock in February.
The billionaire stepped down as the company’s chief executive in 2021 but remains its executive chair, as well as Amazon’s biggest shareholder with a stake of about 9 per cent, according to S&P Capital IQ.
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