Business

Jeff Bezos Sells $2bn Of Amazon Shares 

Amazon.com founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion, according to a company filing on Friday, soon after laying out a plan to sell his shares over the next year.

The sale took place on Wednesday and Thursday, the filings showed.

Last week, Amazon said that Bezos would sell up to 50 million shares in the firm.

The sale plan, which is subject to certain conditions, was adopted on Nov. 8, 2023, and would be completed by Jan. 31, 2025, according to the company’s latest annual report.

Bezos, who stepped down as the company’s chief executive and took over as executive chairman in 2021, founded Amazon as a bookseller in 1994.

He is currently the world’s second richest person with a net worth of $200 billion, according to Bloomberg Billionaires Index.

Follow us on:

AriseNews

Recent Posts

Sanwo-Olu Pledges to Develop Lagos Waterways for Tourism and Transportation Expansion

Governor Sanwo-Olu has pledged to explore waterways for tourism, expanding Lagos' transportation system and unlocking…

52 seconds ago

President Tinubu Mourns Passing of Justice Uthman Argungu

President Tinubu mourns Justice Uthman Argungu’s passing, remembering his dedication to law and humanity with…

3 minutes ago

Nigeria Becomes One of Africa’s Top Oil Producers with Highest Petrol Prices After Subsidy Removal

Nigeria's petrol prices are now ranked among the highest in Africa after subsidy removal, despite…

11 minutes ago

Overland Airways Launches Lagos-Banjul Flights to Boost Intra-African Trade and Tourism

Overland Airways has launched Lagos-Banjul flights, aligning with SAATM and AfCFTA goals to boost intra-African…

17 minutes ago

Saipem Secures $1 Billion Contract for Shell’s Bonga North Deepwater Project in Nigeria

Saipem, with KOA Oil & Gas and AVEON Offshore, has secured a $1bn Shell contract…

23 minutes ago

Atiku Criticises 2025 Budget as Inadequate, Highlights Rising Debt and Fiscal Imbalances

Atiku has criticised the 2025 federal budget, calling it inadequate to address Nigeria's challenges, with…

25 minutes ago