{"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. 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