Amazon founder Jeff Bezos has promised to sell 50 million shares over the next year.
Amazon founder Jeff Bezos has offloaded a further £1.9bn of shares, bringing the total value of shares sold this month to £6.7bn.
The 60-year-old tycoon, who founded the group in 1994, has sold 14 million Amazon shares this week alone, to add them to the three tranches of shares he has sold for £4.8 billion.
Bezos, the world’s second-richest person, worth an estimated £154 billion, has promised to sell 50 million shares over the next year.
Before the recent surge, he last sold shares in 2021, the year he stepped down as CEO.
He also gave away Amazon stock as part of his charitable efforts, most recently in 2022.
Shares in the tech giant have risen almost a quarter in the past six months and were boosted by a bumper Christmas for trading.
Sales reached £451 billion in 2023, up from £403 billion in 2022, and in the Christmas quarter they reached £133 billion. Bezos remains Amazon’s largest shareholder and CEO.
Since stepping down as CEO, Bezos has focused on a space company called Blue Origin.
In October, he said he was moving to Miami from Seattle to be close to his parents and Blue Origin operations.
It is understood that this will save hundreds of millions of dollars in taxes.
Bezos also owns The Washington Post newspaper.
