Amazon.com founder Jeff Bezos will sell 50 million shares within the on-line retail and cloud providers agency over the next one yr, in accordance to an organization submitting on Friday.
The securities is value $8.6 billion on the present value of $172.13 a share. The sale plan was adopted on Nov. 8 final yr and it is going to be accomplished by Jan. 31 next yr, in accordance to the corporate’s newest annual report.
Amazon shares had been up 8% on Friday after the e-commerce heavyweight reported higher-than-expected gross sales for the vacation quarter and its profitable cloud enterprise signaled early positive aspects from AI-powered options.
Bezos based Amazon as a bookseller in 1994. He stepped down as its chief government and took over as government chairman in 2021.
He is at present the world’s third richest particular person with a web value of $185 billion, in accordance to Bloomberg Billionaires Index.
The securities is value $8.6 billion on the present value of $172.13 a share. The sale plan was adopted on Nov. 8 final yr and it is going to be accomplished by Jan. 31 next yr, in accordance to the corporate’s newest annual report.
Amazon shares had been up 8% on Friday after the e-commerce heavyweight reported higher-than-expected gross sales for the vacation quarter and its profitable cloud enterprise signaled early positive aspects from AI-powered options.
Bezos based Amazon as a bookseller in 1994. He stepped down as its chief government and took over as government chairman in 2021.
He is at present the world’s third richest particular person with a web value of $185 billion, in accordance to Bloomberg Billionaires Index.
