Jeff Bezos plans to sell $5B of Amazon shares as stock reaches all-time high.

From New York Post: 2024-07-03 16:15:00

Amazon founder Jeff Bezos plans to sell nearly $5 billion in shares as the stock hits a record high. He sold $8.5 billion earlier this year. After this sale, Bezos will still own about 8.8% of Amazon. The company recently replaced the head of its cloud computing unit.

Nvidia CEO Jensen Huang sold $169 million in shares in June. The company’s stock has surged 166% this year due to rising demand for artificial intelligence technology. Huang’s net worth has more than doubled in the past six months, making him the 12th richest person in the world.



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