By the beginning of next year, the founder of Amazon intends to sell even more of his shares, the firm reports.
In a document filed with federal regulators, the founder and executive chairman of Amazon stated that on February 7 and 8, he sold approximately 12 million shares of Amazon stock valued at more than $2 billion (£1.58 billion).
Based on the reported price totals, the shares of the tech giant were valued at slightly over $2.04 billion (£1.62 billion) in total. Five blocks containing one million to more than 3.2 million equities each were used to organize the stocks.
Days earlier, according to documents, he had sold an additional 12 million shares for nearly the same price.
Amazon said last week that Bezos would divest up to 50 million of his shares in the company, which are valued at an estimated $8.4 billion (£6.65 billion) on the market.
The company’s most recent annual report states that Bezos intends to complete the sale plan, which was approved on November 8 of last year, by January 31, 2025.
In order to devote more time to his other endeavors, such as his philanthropic work and the rocket startup Blue Origin, the businessman resigned from his position as CEO of Amazon in 2021.
The billionaire stated in 2022 that he intended to donate the most of his $124 billion (£110 billion) money while still living.
Mr. Bezos stated to CNN that he was “building the capacity to be able to give away this money” with his fiancée, the journalist-turned-philanthropist Lauren Sanchez.
According to him, the funds would be sent to organizations that combat climate change and assist those who seek to bring humanity together.
