Amazon founder Jeff Bezos plans $5bn share sale

In February, Mr Bezos announced that he would sell shares in technology giant worth around $8.5bn.

British Broadcasting CorporationWatchHomeNewsSportBusinessInnovationCultureTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUK General ElectionUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC VerifySportBusinessExecutive LoungeTechnology of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureTravelEarthVideoLiveAudioWeatherNewslettersJeff Bezos to sell another $5bn of Amazon shares10 hours agoBy João da Silva, Business reporterShareGetty ImagesJeff Bezos and his fiancée Lauren SánchezAmazon founder Jeff Bezos says he will sell another 25 million shares in the technology giant, worth nearly $5bn (£3.9bn).

It comes after the company's stock market value hit a record high on Wednesday.

In February, he announced that he would sell Amazon shares worth around $8.5bn.

That marked the first time since 2021 that Mr Bezos had sold Amazon shares.

The company's shares have risen by more than 30% this year on expectations that growing demand for artificial intelligence (AI) technology will boost earnings at its cloud computing business.

https://www.bbc.com/news/articles/c51yvm3354qo

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