Last Updated: February 12, 2024, 09:30 IST
The Amazon founder has bought shares value billions
Amazon.com founder Jeff Bezos bought round 12 million shares of the web retail and cloud companies agency for roughly $2 billion.
(Reuters) – Amazon.com founder Jeff Bezos bought round 12 million shares of the web retail and cloud companies agency for roughly $2 billion, in accordance with an organization submitting on Friday, quickly after laying out a plan to promote his shares over the subsequent 12 months.
The sale came about on Wednesday and Thursday, the filings confirmed.
Last week, Amazon mentioned that Bezos would promote as much as 50 million shares within the agency.
The sale plan, which is topic to sure situations, was adopted on Nov. 8, 2023, and could be accomplished by Jan. 31, 2025, in accordance with the corporate’s newest annual report.
Bezos, who stepped down as the corporate’s chief government and took over as government chairman in 2021, based Amazon as a bookseller in 1994.
He is at present the world’s second richest particular person with a web value of $200 billion, in accordance with Bloomberg Billionaires Index.
