Jeff Bezos, founder of Amazon, recently sold $863.5 million worth of Amazon shares, following a previous sale in February 2024 totaling $8.5 billion. This move comes amidst Amazon's soaring market performance, with shares up 30% this year. Bezos, now the world’s second-richest person, also plans to sell an additional $5 billion in shares. Amazon's market value hit $2 trillion recently, driven by optimism around AI and cloud computing. Bezos' sales, including past philanthropic efforts, reflect his strategic financial planning post-CEO tenure.
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