From Nasdaq:

Amazon founder Jeff Bezos plans to sell up to 50 million shares of the company over the next year, totaling $8.6 billion. The sale will be completed by Jan. 31, 2025, according to the latest annual report. Amazon shares surged 8% after the company reported higher-than-expected sales for the holiday quarter.

The securities are worth $8.6 billion at the current price of $171.8 per share and will be sold within the next year. The plan was adopted on Nov. 8, 2021, and will be completed by Jan. 31, 2025, according to the latest annual report.

Amazon shares soared nearly 8% on Friday after the company reported strong sales for the holiday quarter. Bezos founded Amazon as a bookseller in 1994 and currently has a net worth of $185 billion, making him the world’s third richest person.

Bezos will sell up to 50 million shares of Amazon worth $8.6 billion. Amazon shares surged nearly 8% after reporting higher-than-expected sales for the holiday quarter and ended 80% higher last year. Bezos is currently the world’s third richest person with a net worth of $185 billion.



Read more: Bezos to sell up to 50 mln Amazon shares by Jan. 31 next year – filing