Jeff Bezos sells Amazon shares worth $4.91 bn

Bezos’ first sale since Election Day in 2020 was on last Monday and Tuesday, when he sold close to 740,000 shares worth $2.5 billion, according to SEC documents.

He had sold $10 billion worth of Amazon shares last year and plans to sell nearly 2 million shares of the company this year, said American media reports.

Bezos currently has a stake of 10.3 per cent in Amazon. He had already announced plans to step down as the CEO of the company in the third quarter of this year to become the executive chairman.

Fibre2Fashion News Desk (KD)