Jeff Bezos sells about $2 billion in Amazon stock By Reuters

© Reuters. FILE PHOTO: The Amazon logo is seen at the company’s distribution center in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo

(Reuters) – Amazon.com (NASDAQ:) founder Jeff Bezos sold about 12 million shares of the online retail and cloud services company for about $2 billion, the company filed on Friday. This comes shortly after he announced his plans to sell his shares. Over the next year.

The sales took place on Wednesday and Thursday, according to the filing.

Last week, Amazon said Bezos would sell up to 50 million shares of the company.

The sale plan, subject to certain conditions, was adopted on November 8, 2023 and is expected to be completed by January 31, 2025, according to the company’s latest annual report.

Bezos, who will step down as Amazon’s CEO and assume the position of chairman in 2021, founded Amazon as a bookstore in 1994.

He is currently the world’s second-richest person with a net worth of $200 billion, according to the Bloomberg Billionaires Index.