Jeff Bezos set to sell Amazon shares worth billions of dollars

Jeff Bezos founded Amazon in 1994 in his garage in Washington. What started as an attempt to build the largest book retailer outlet went on to become one of the world’s largest leading online retail companies. Jeff Bezos, the founder, former president, and CEO of this technology giant, is currently the world’s second-richest person. Recently, the tech mogul announced his intention to sell billions of dollars’ worth of Amazon shares. The sale is preceded by another sell of shares in February 2024.

Jeff Bezos sells Amazon shares worth $5 billion
Jeff Bezos announced he will be selling another chunk of Amazon shares that worth equal to $5 billion. The news came days after Amazon had a successful run with its market value sky rocketing on Wednesday. As reported by BBC, the shares of the Amazon performed well with a visible rise of 30% this year.