Jeff Bezos to Sell Up to 50 Million Amazon Shares

The sale could elevate Bezos' ranking among the world's wealthiest, marking his first stock sale since 2021.

Jeff Bezos plans to sell up to 50 million Amazon shares within the next year, a move that could significantly impact his position among the world's wealthiest individuals.
The sale, worth approximately $8.6 billion at current share prices, marks Bezos' first stock sale since 2021.
Amazon's stock has experienced a notable surge, climbing roughly 90% since December 2022, largely due to its strong holiday quarter sales and early gains from AI-powered features in its cloud business.
Bezos' decision to sell comes amid Amazon's aggressive cost-cutting measures, including mass layoffs, as the company navigates macroeconomic uncertainties.
The potential stock sale could also see Bezos avoiding state capital gains taxes, following his recent move from Washington state to Florida.