Jeff Bezos sells nearly 12 million Amazon shares worth at least US$2 billion, with more to come

SEATTLE –

Jeff Bezos filed an announcement with federal regulators indicating his sale of almost 12 million shares of Amazon inventory value greater than US$2 billion.

The Amazon government chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of frequent inventory on Feb. 7 and Feb. 8.

The collective worth of the shares of Amazon, which relies in Seattle the place he based the corporate in a storage about three a long time in the past, was greater than US$2.04 billion, in keeping with the listed worth totals.

The shares have been grouped in 5 blocks between 1 million and greater than 3.2 million.

In a separate SEC submitting, Bezos listed the proposed sale of fifty million Amazon shares round Feb. 7 with an estimated market worth of US$8.4 billion.

Bezos stepped down as Amazon’s CEO in 2021 to spend extra time on his different initiatives, together with the rocket firm, Blue Origin, and his philanthropy. His deal with on the inventory filings is listed as Seattle, though he reportedly has relocated to Miami.