FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo
(Reuters) – Amazon.com founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion, according to a company filing on Friday, soon after laying out a plan to sell his shares over the next year.
The sale took place on Wednesday and Thursday, the filings showed.
Last week, Amazon said that Bezos would sell up to 50 million shares in the firm.
The sale plan, which is subject to certain conditions, was adopted on Nov. 8, 2023, and would be completed by Jan. 31, 2025, according to the company’s latest annual report.
Bezos, who stepped down as the company’s chief executive and took over as executive chairman in 2021, founded Amazon as a bookseller in 1994.
He is currently the world’s second richest person with a net worth of $200 billion, according to Bloomberg Billionaires Index.
(Reporting by Baranjot Kaur in Bengaluru; editing by Diane Craft)
News Related-
Up to 40 Tory MPs ‘set to rebel’ if Sunak’s Rwanda plan doesn’t override ECHR
-
Country diary: A tale of three churches
-
Sunak woos business elite with royal welcome – but they seek certainty
-
Neil Robertson shocked by bad results but has a plan to turn things round
-
Tottenham interested in move to sign “fearless” £20m defender in January
-
Bill payers to stump up cost of £100m water usage campaign
-
Soccer-Venue renamed 'Christine Sinclair Place' for Canada soccer great's final game
-
Phil Taylor makes his pick for 2024 World Darts Championship winner
-
Soccer-Howe aims to boost Newcastle's momentum in PSG clash
-
Hamilton heads for hibernation with a word of warning
-
Carolina Panthers fire head coach Frank Reich after 1-10 start to the season
-
This exercise is critical for golfers. 4 tips to doing it right
-
One in three households with children 'will struggle to afford Christmas'
-
Biden apologised to Palestinian-Americans for questioning Gaza death toll, says report