Jeff Bezos to Sell $5 Billion in Amazon Shares Following Record Stock Surge

The Amazon founder's latest share sale comes after the company's stock hit an all-time high, reflecting strong market performance and AI-driven growth.

Bezos plans to sell 25 million Amazon shares, worth nearly $5 billion, as disclosed in a regulatory filing.
This follows his February sale of $8.5 billion in shares, marking his first sale since stepping down as CEO in 2021.
Amazon's stock has surged over 30% this year, driven by increased demand for AI technology in its cloud computing business.
The company's market valuation recently surpassed $2 trillion, though it still trails behind tech giants like Nvidia, Apple, and Microsoft.
Bezos' move to Miami from Seattle has sparked discussions about tax implications, as Florida does not have a capital gains tax.