Jeff Bezos plans to sell Amazon shares: what is known about the deal.

Amazon CEO plans to sell $5 billion in shares by 2025

Amazon CEO and founder Jeff Bezos plans to sell up to 25 million shares of his company by the end of 2025. This is stated in documents submitted to the Securities and Exchange Commission (SEC), writes Fox Business. Based on current quotes, the sales volume will be about $5 billion.

«Amazon founder Jeff Bezos announced plans to sell his company shares worth about $5 billion, on the same day the e-commerce giant's shares reached a record level. In a statement to the Securities and Exchange Commission (SEC), Bezos said he plans to sell 25 million shares of Amazon. Earlier that day, the share price reached a historical maximum of $200.43», – journalists of Fox Business write.

After the sales plan, Bezos will own approximately 912 million Amazon shares, or 8.8% of the shares.

In mid-February, the businessman sold 50 million Amazon shares for $8 billion. According to Ben Silverman of VerityData, Bezos typically sells shares in a few sessions rather than spreading the sale over a long period. Bezos owns more than 936 million Amazon shares. The company's share prices on Tuesday reached a record $200. Since the beginning of the year, Amazon's market capitalization has jumped 30% to $2.06 trillion.

According to Forbes, Bezos is the third richest person in the world with a net worth of $194 billion.

Earlier it became known that the American corporation Microsoft and company Amazon will suspend access to their cloud products in Russia from March 20. This was reported in a statement by the Russian company Softline. Due to the closure of access, there may be functional limitations in the operation of cloud products and services from Microsoft, Amazon, and Google. The decisions by Microsoft and Amazon are explained by the 12th package of EU sanctions against Russia from December 19, 2023.

By the way, Amazon employees will not receive promotions if they do not work in the office. The corresponding message was published on Amazon's internal website.