Jeff Bezos plans to sell 25 million Amazon shares worth $5 billion at record high

From Times of India: 2024-07-04 01:19:00

Amazon founder Jeff Bezos is selling 25 million Amazon shares worth $5 billion after the stock hits an all-time high of $200.43, reaching a $2 trillion market cap. This comes after selling 1.1 million shares in May and 50 million shares in February, bringing his net worth to $222 billion.

Bezos plans to use the $117 million from the May share sale to fund his nonprofit preschools. Despite the latest sale, he will still own over 900 million Amazon shares. The billionaire’s morning routine video is going viral, where he talks about waking up early, reading the newspaper, and prioritizing time with family before work. The video has already gained 4.7 million views.



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