Jeff Bezos to sell up to $4.75bn in Amazon stock over next year

News Snapshot:

Jeff Bezos is preparing to sell up to $4.75bn (£3.6bn) worth of Amazon stock over the next year, according to a regulatory filing made on Friday. The technology company’s executive chair and former chief executive plans to offload up to 25m shares through a trading plan that ends on 29 May 2026. This tranche is worth about $4.75bn, based on the closing price on Thursday. The divestment comes after Bezos sold $13.4bn of Amazon stock last year. Bezos is the world’s second richest person, according to Bloomberg’s billionaire index, with an estimated total net worth of $212bn. Elon Musk, the...