It occurs following the company’s record-breaking high stock market valuation on Wednesday.
He declared in February that he will sell $8.5 billion worth of Amazon stock.
That was the first time Mr. Bezos has sold Amazon stock since 2021.
Due to hopes that rising demand for artificial intelligence (AI) technology will increase revenues in the company’s cloud computing segment, shares of the company have increased by more than 30% this year.
For the first time, Amazon’s stock market capitalization crossed the $2 trillion threshold last month.
That still lags behind other significant tech companies, like Microsoft, Nvidia, and Apple, all of which have surpassed the $3 trillion threshold.
In a Bellevue, Washington, garage in 1994, he started Amazon at a time when the internet was just getting started.
The business began as an online bookseller, claiming to have the largest ebook selection in the world.
Since then, Amazon has grown to become one of the top cloud computing and online retail businesses in the world.
In May, Blue Origin, a rocket business he created, launched six customers into space.
