Jeff Bezos Sells 12 Million Amazon Shares Worth IDR 31.2 Trillion

Jeff Bezos (right) sells shares on Amazon. (photo: x @SenBillNelson)

JAKARTA - Amazon.com founder Jeff Bezos sold about 12 million shares of the online retail company and cloud services worth about $2 billion, according to the company's filing on Friday, February 9 shortly after detailing plans to sell its shares in the next year.

The sale was made on Wednesday and Thursday, according to a filing.

Last week, Amazon announced that Bezos would sell up to 50 million shares in the company.

The sales plan, subject to several conditions, was adopted on November 8, 2023, and will be completed on January 31, 2025, according to the company's latest annual report.

Bezos, who resigned as chief executive officer of the company and became executive chairman in 2021, founded Amazon as a book seller in 1994.

Currently, he is the second richest person in the world with a net worth of $200 billion, according to the Bloomberg Billionaires Index.