Amazon founder Jeff Bezos has vowed to sell 50m shares over the next year
Amazon founder Jeff Bezos has dumped another £1.9billion of shares – bringing the total value of stock sold this month to £6.7billion.
The tycoon, 60, who founded the group in 1994, has sold 14m Amazon shares this week alone, to add to the three tranches of shares he has sold for £4.8billion.
Bezos, the world’s second-richest person, worth an estimated £154billion, has vowed to sell 50m shares over the next year.
Before the recent flurry, he last sold shares in 2021, the year he stepped down as chief executive.
He has also given away Amazon stock as part of his charity efforts, most recently in 2022.
Shares in the tech behemoth are up nearly a quarter in the past six months and were lifted by a bumper Christmas for trading.
Sales hit £451billion in 2023, which was up from £403billion in 2022, and in the Christmas quarter reached £133billion. Bezos remains the biggest shareholder and Amazon’s executive chairman.
Since stepping down as chief executive, Bezos has been focusing on a space venture called Blue Origin.
In October, he said he was moving to Miami from Seattle to be near his parents and Blue Origin’s operations.
It is understood that will reportedly save him hundreds of millions of dollars in taxes.
Bezos also owns The Washington Post newspaper.
