US billionaire Jeff Bezos plans to sell nearly $5 billion worth of e-commerce giant Amazon. In February, he announced that he would sell about eight and a half billion dollars’ worth of Amazon shares. News BBC.
Bezos announced this after the company’s stock market value reached a record high on Wednesday (July 3).
Amazon’s share price is currently at an all-time high. Amazon’s stock market valuation topped $2 trillion for the first time last month. However, Nvidia, Apple and Microsoft are ahead of Amazon with $3 trillion.
It is reported that Bezos will now sell 25 million shares. On Tuesday last (July 2), the price of each share unit exceeded $200 in the stock market. Which is a 30 percent increase from the beginning of this year.
When the shares are sold, Bezos will reportedly own 912 million Amazon shares. Bezos has sold shares before. After the stock rose 80 percent in 2023, he sold about eight and a half billion worth of shares in February of that year.
According to the Forbes Billionaires List, Bezos currently has a net worth of $214.4 billion. Amazon founder Jeff Bezos founded the aerospace company Blue Origin earlier this year. Blue Origin sent a six-person crew into space last May.
