Jeff Bezos Completes $2.4B Stock Sale Plan | Bloomberg

Jeff Bezos, Founder of Amazon, Sells $2.4 Billion Worth of Stock in Recent Transactions

In a recent regulatory filing, Jeff Bezos, the founder of Amazon, disclosed that he has sold over 14 million shares of Amazon stock, valued at around $2.4 billion. This sale comes as the completion of Bezos’ stock sale plan, which included selling 12 million shares earlier this month for over $2 billion, followed by additional sales of 12 million shares in separate tranches throughout February. These transactions fulfill Bezos’ announcement of a planned sale of up to 50 million Amazon shares, initially valued at over $8 billion. The plan’s completion was projected to occur by January 2025. Notably, this series of sales marks the first divestment of Amazon stock by Bezos since 2021.