Amazon founder Bezos sells shares worth over $4bn

On Monday, Amazon founder and CEO Jeff Bezos announced that he sold shares worth over $4 billion in the company. This move comes after Bezos announced earlier this month that he would be stepping down as CEO of Amazon to focus on other projects and interests.

Bezos has been a major shareholder in Amazon since its inception in 1994, and his decision to sell such a large amount of shares has raised questions about his future involvement with the company. However, Bezos has stated that he remains committed to Amazon and will stay involved as executive chairman of the board.

The sale of shares is not expected to have a significant impact on Amazon’s stock price, as Bezos still holds a substantial stake in the company. Amazon has continued to thrive under his leadership, becoming one of the world’s largest and most successful companies.

Overall, Bezos’ decision to sell shares worth over $4 billion is seen as a strategic move to diversify his holdings and pursue other interests while still maintaining a strong connection to Amazon and its future growth.