Jeff Bezos is making plans to promote 50 million stocks of e-commerce massive Amazon (AMZN) over the following 12 months.
In step with regulatory filings, Bezos, who based Amazon, plans to finish the sale by means of Jan. 31, 2025, incomes him $8.6 billion U.S. in line with the inventory’s present worth of $171.81 U.S. a proportion.
Amazon’s inventory rose 8% on Feb. 2 after the e-commerce corporate reported better-than-expected profits for the overall quarter of 2023, pushed by means of vacation gross sales and new synthetic intelligence merchandise.
Ultimate 12 months, Bezos’ ex-wife, MacKenzie Scott, bought $10 billion U.S. price of Amazon inventory, donating a lot of the cash to charity.
Bezos based Amazon as a web-based e-book store in 1994. The corporate went public in 1997.
Bezos stepped down as the corporate’s leader government officer in 2021 however stays as the manager chairman of Amazon.
Recently, Bezos is the arena’s 3rd richest individual with a internet price of $185 billion U.S., in line with the Bloomberg Billionaires Index.
The inventory of Amazon has risen 68% within the final twelve months.