Washington:
Amazon.com founder JeffBezos will Sell50millionshare In online retail and cloud services companies Next one Yearaccording to arrive a company Archive on Friday.
At current prices, these securities are worth $8.6 billion of $172.13 per share.The sale plan was approved on November 8 last year Year and will be completed go throughYang. 31NextYearaccording to arrive The company’s latest annual report.
Amazonshare Shares of the e-commerce giant rose 8% on Friday after it reported higher-than-expected holiday quarter sales and its lucrative cloud business heralded early gains from artificial intelligence capabilities.
Bezos established Amazon He resigned as CEO in 1994 as a bookseller; arriveTaking over as executive chairman in 2021.
He is currently the third richest man in the world of According to statistics, US$185 billion arrive Bloomberg Billionaires Index.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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