Google News

Jeff Bezos to sell Amazon shares worth $1 billion

Must Read

This also comes at a time when the billionaire Jeff Bezos sold shares worth $240 million last week

New Delhi: Jeff Bezos, the world’s third-richest person, the founder, executive chairman, and former president and CEO of Amazon may sell shares worth $1 billion of the company, a report by CNBC stated.

The report added that Bezos may sell as many as 8 million to 10 million shares, amounting to more than $1 billion.

Currently, no representative from Amazon and Bezos has commented on the news report. Different media reports cite that Bezos who resigned as CEO of Amazon in 2021 sold shares worth $240 million last week.

In addition to Amazon, Bezos is actively involved in other ventures like Blue Origin, an American aerospace company that manufactures rockets, spacecraft and satellites. The company is exploring the possibility of space tourism.

According to the Bloomberg Billionaires Index data, Bezos has a total net worth of $168 billion and is the third richest person in the world after Elon Musk and Bernard Arnault.

At the time of writing, Amazon’s share price at NASDAQ was down 1.53% at $143.9.

IndiaRetailing has reached out to the representatives of Amazon India, but the queries remain unanswered till the time of publishing.

Latest News

ShopClues aims $100 million in e-commerce exports by year end; eyes US, European markets: MD Anuraag Gambhir

The Gurgaon-based company is also planning to introduce international brands to India from Southeast Asian countries  Bengaluru: ShopClues, the Indian...