Amazon founder sells £3.2bn in stock following share price hike

Amazon founder Jeff Bezos has sold more of his shares in the company, bringing the total value of sales disposed of during recent days to over £3.2bn.
Bezos offloaded shares in two tranches worth £1.59bn each, following Amazon’s share price nearly hitting an all-time high.
The share sales are the CEO’s first since 2021 and are likely to be considered a capital gain as he has owned them since founding the brand in 1994, according to The Telegraph.Subscribe to Retail Gazett