Jeff Bezos sells $2 billion of his Amazon shares

American internet entrepreneur, industrialist, media proprietor, investor, founder, and CEO of Amazon, Jeff Bezos has sold nearly 2 billion dollars worth of his shares in the online retailer this week, filings from the US Securities and Exchange Commission showed on Wednesday.

Bezos has sold Amazon shares several times recently. In February and November 2020, he parted with shares worth a total of more than 7 billion dollars.

The 57-year-old founded Amazon in 1994 and is still the largest individual shareholder in the company. Amazon was recently valued at 1.65 trillion dollars.

Bezos himself is thought to be the richest man in the world, according to Forbes and Bloomberg Billionaires.

He has an estimated wealth of more than 190 billion dollars.

The first centibillionaire on the Forbes wealth index, Bezos was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018.

In August 2020, according to Forbes, he had a net worth exceeding $200 billion. In 2020 during the COVID-19 pandemic, Bezos’s wealth grew by approximately $24 billion.

On February 2, 2021, Bezos announced that he would step down as the CEO of Amazon sometime in the third quarter of 2021, and transition into the role of executive chairman. He is due to be replaced as CEO by Andy Jassy, the chief of Amazon’s cloud computing division.