Billionaires
Bezos to Sell $5 Billion of Amazon as Shares Hit Record High
- Amazon co-founder sold $8.5 billion of stock earlier this year
- Company’s shares have climbed 32% this year on AI enthusiasm
Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com Inc. worth $5 billion on the day the stock hit a fresh record.
The notice was filed after the market closed Tuesday, though sales could also take place as early as that day, according to the filing.