(Reuters) – Amazon.com (NASDAQ:) founder Jeff Bezos sold about 12 million shares of the online retail and cloud services company for about $2 billion, according to a company report on Friday, shortly after unveiling a plan to sell his shares over the next year.
The sale took place on Wednesday and Thursday, documents show.
Amazon said last week that Bezos would sell up to 50 million shares of the company.
The sales plan, which is subject to certain conditions, was adopted on November 8, 2023 and will be completed by January 31, 2025, according to the company’s latest annual report.
Bezos, who stepped down as the company’s CEO to take over as executive chairman in 2021, founded Amazon as a bookseller in 1994.
He is currently the second richest person in the world with a net worth of $200 billion, according to the Bloomberg Billionaires Index.