{"id":17156,"date":"2024-07-04T08:40:56","date_gmt":"2024-07-04T07:40:56","guid":{"rendered":"https:\/\/thedailyleaks.com\/?p=17156"},"modified":"2024-07-04T08:41:31","modified_gmt":"2024-07-04T07:41:31","slug":"amazon-founder-jeff-bezos-to-sell-nearly-5-billion-in-shares-following-record-stock-surge","status":"publish","type":"post","link":"https:\/\/thedailyleaks.com\/amazon-founder-jeff-bezos-to-sell-nearly-5-billion-in-shares-following-record-stock-surge\/","title":{"rendered":"Amazon founder Jeff Bezos to sell nearly $5 billion in shares following record stock surge"},"content":{"rendered":"
Amazon founder and executive chair Jeff Bezos is planning to sell almost $5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit a record high.<\/p>\n
The proposed sale of 25 million shares was disclosed in a notice filed after market hours on Tuesday. The stock had hit an all-time high of $200.43 during the session. It has jumped more than 30% so far this year, outpacing the 4% gain in the Dow Jones Industrial Average index.<\/p>\n
ALSO READ:\u00a0How to persuade people to change their behaviour<\/a><\/strong><\/p>\n After the sale plan, Bezos would own about 912 million Amazon shares, or 8.8% of the outstanding stock.<\/p>\n He sold shares worth roughly $8.5 billion in February, after the stock rallied 80% in 2023.<\/p>\n Bezos<\/a> is ranked the second-richest person in the world with a net worth of $214.4 billion, according to Forbes. He is also the founder of space company Blue Origin, which launched a six-person crew to the edge of space in May.<\/p>\n Amazon posted upbeat first-quarter results in April, as the Seattle-based technology giant rode the artificial intelligence wave. The company recently replaced Adam Selipsky as the head of its cloud computing unit with insider Matt Garman.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Amazon founder and executive chair Jeff Bezos is planning to sell almost $5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit a record high. The proposed sale […]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":17158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,2,7],"tags":[1895,377],"coauthors":[25],"class_list":{"0":"post-17156","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-top-news","9":"category-world","10":"tag-amazon","11":"tag-jeff-bezos"},"yoast_head":"\n