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International Business Times

Binitha Jacob

Jeff Bezos To Sell Up To 50 Million Amazon Shares Over Next One Year

Amazon Jeff Bezos Elon Musk Tesla Inc.

KEY POINTS

The billionaire founder's plan was included in a company filing released by Amazon on Friday
The shares would be worth about $8.6 billion at the stock's current $171.8 share price
The report came as Amazon shares climbed by about 8% on Friday

Business magnate Jeff Bezos is selling as many as 50 million shares of Amazon.com Inc. over the next year, according to a company filing on Friday.

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