Jeff Bezos plans to sell $5 billion in Amazon shares after hitting record high

From Investing.com: 2024-07-03 11:37:27

Amazon founder Jeff Bezos plans to sell $5 billion in shares after stock hits record high of $200.43. Bezos currently owns 8.8% of Amazon’s outstanding shares. In February, he sold $8.5 billion in shares. Bezos, world’s second-richest person, has a net worth of $214.4 billion according to Forbes.

Amazon posted positive first-quarter results, riding the artificial intelligence wave. The company replaced Adam Selipsky with Matt Garman as head of its cloud computing unit. Bezos is also the founder of space company Blue Origin, which launched a six-person crew to the edge of space in May.



Read more at Investing.com: Jeff Bezos to sell Amazon shares worth about $5 billion after stock hits record high By Reuters