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Why Jeff Bezos is looking to unload up to $5B worth of Amazon shares
New York Postยท 2025-05-02 18:02
Core Points - Jeff Bezos plans to sell up to 25 million shares of Amazon, valued at over $4.7 billion as of Friday morning, according to a new SEC filing [1][5] - The trading plan allows Bezos to sell these shares over a period ending on May 29, 2026, under specific conditions [2] - As of March 3, Bezos owned over 909.4 million shares of Amazon [2] - In a previous trading plan, Bezos sold 50 million shares in February 2024, generating over $8.5 billion [3] - Bezos's net worth is estimated at $205.4 billion, making him the second-richest person globally, following Elon Musk [5][7]