Odisha News Hour

The creator of Amazon, Jeff Bezos, sells around 12 million shares for $2 billion

<p>Soon after outlining a plan to sell his shares over the following year, Amazon founder Jeff Bezos sold around 12 million shares of the online retail and cloud services giant for about $2 billion, according to a corporate filing on Friday.</p>
<p><img decoding=”async” class=”alignnone wp-image-397101″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-creator-of-amazon-jeff-bezos-sells-around-12-million-shares-for-2-billion-jeff.jpg” alt=”theindiaprint.com the creator of amazon jeff bezos sells around 12 million shares for 2 billion jeff” width=”1047″ height=”589″ title=”The creator of Amazon, Jeff Bezos, sells around 12 million shares for $2 billion 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-creator-of-amazon-jeff-bezos-sells-around-12-million-shares-for-2-billion-jeff.jpg 690w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-creator-of-amazon-jeff-bezos-sells-around-12-million-shares-for-2-billion-jeff-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-creator-of-amazon-jeff-bezos-sells-around-12-million-shares-for-2-billion-jeff-150×84.jpg 150w” sizes=”(max-width: 1047px) 100vw, 1047px” /></p>
<p>The documents said that the transaction happened on Wednesday and Thursday.</p>
<p>Amazon said last week that Bezos will divest up to 50 million company shares.</p>
<p>The company’s most recent annual report said that the selling plan, which is contingent upon a few requirements, was approved on November 8, 2023, and would be finalized by January 31, 2025.</p>
<p>Bezos started Amazon as a bookshop in 1994. He left the firm as chief executive in 2021 and became executive chairman.</p>
<p>With a $200 billion net worth, he is now the second wealthiest person in the world, according to the Bloomberg Billionaires Index.</p>

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