Bezos stake to come down to 8.8% post planned Amazon share sale worth $5 bn
Thu, Jul 4, 2024 12:44 PM

Bezos stake to come down to 8.8% post planned Amazon share sale worth $5 bn

A Flip by Avya Verma
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Amazon's founder and executive chair Jeff Bezos plans to sell 25 million shares worth about $5 billion after the company's stock hit a record high of $200.43. This sale would leave Bezos with approximately 912 million shares, or 8.8% of outstanding stock. Bezos' net worth is $214.4 billion, making him the second-richest person in the world. This comes after he sold shares worth $8.5 billion.

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