Jeff Bezos sells $2.5 billion of Amazon shares, signals more coming

Jeff Bezos sold about $2.5 billion of Amazon.com Inc. stock, his first big disposal this year after offloading more than $10 billion in 2020.

Bezos sold around 739,000 shares this week under a pre-arranged trading plan, according to U.S. Securities and Exchange Commission filings. The world’s richest person said he plans to sell as many as 2 million shares, according to a separate filing.

Bezos continues to hold more than 10% of the company, the primary source of his $193.5 billion fortune, according to the Bloomberg Billionaires Index.

The Amazon founder has used stock sales to fund rocket company Blue Origin, while he’s committed $10 billion to the “Bezos Earth Fund” to help counter the effects of climate change.