Amazon CEO Jeff Bezos.
| Photo Credit: AP
Jeff Bezos filed a press release with federal regulators indicating his sale of nearly 12 million shares of Amazon inventory worth more than $2 billion.
The Amazon govt chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of widespread inventory on Feb. 7 and Feb. 8.
The collective worth of the shares of Amazon, which relies in Seattle the place he based the corporate in a storage about three a long time in the past, was more than $2.04 billion, in accordance to the listed value totals.
Also Read | Jeff Bezos to give away most of $124 billion wealth throughout lifetime: report
The shares had been grouped in 5 blocks between 1 million and more than 3.2 million.
In a separate SEC submitting, Mr. Bezos listed the proposed sale of fifty million Amazon shares round Feb. 7 with an estimated market worth of $8.4 billion.
Mr. Bezos stepped down as Amazon’s CEO in 2021 to spend more time on his different initiatives, together with the rocket firm, Blue Origin, and his philanthropy. His deal with on the inventory filings is listed as Seattle, though he reportedly has relocated to Miami.
