Jeff Bezos Sells 12 Million Amazon Shares For $2 Billion

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

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.