Jeff Bezos Will Sell Amazon Shares Worth IDR 81 Trillion

JAKARTA - Amazon founder and CEO Jeff Bezos will sell shares of the e-commerce giant worth nearly US$ 5 billion or Rp 81 trillion. The plan comes days after the technology giant's market value surpassed the US$ 2 trillion (Rp 32 trillion) figure. Citing ANTARA, Sunday 7 July, the proposed sale of 25 million shares was disclosed in a notification filed after market hours at the start of the week. Amazon's stock has reached an all-time high of US$200.43 per share during the session. This has soared more than 30% so far this year, surpassing a 4% increase in the Dow Jones Industrial Average index. Following the sales plan, Bezos will own about 912 million Amazon shares or 8.8% of outstanding stocks. He sold shares worth about US$ 8.5 billion in February 2024, after his shares rose 80% in 2023. Forbes recorded Bezos was ranked second richest person in the world with a net worth of US$214.4 billion. He is also the founder of the space company Blue Origin, which launched a crew member of six people into space in May 2024.

Amazon posted optimistic first quarter 2024 results in April 2024, when the Seattle-based tech giant took advantage of an artificial intelligence (AI) wave. The company recently replaced Adam Selipsky as head of a cloud computing unit with Matt Garman.