And in February 2024, Bezos sold off 50 million Amazon shares, worth around $8.5 billion. The billionaire also sold off a few smaller chunks of stock in May 2024, totaling 1.1 million shares at a value of around $117 million.

Amazon founder and former CEO Jeff Bezos intends to sell up to 25 million shares of stock in the tech company over the next year. The stock was worth about $4.7 billion based on Friday morning trading levels.

Jeff Bezos plans to sell as many as 25 million shares of Amazon.com Inc. over the next 13 months, potentially cashing out as the world’s largest online retailer grapples with uncertainty over tariffs.