Amazon founder Jeff Bezos is planning to sell nearly $5bn worth of shares in the technology giant, a regulatory filing showed.
The planned sale by the world’s second-richest person comes as Amazon’s stock surged to an all-time high, putting it in an exclusive club of companies with a $2 trillion valuation.
The proposed sale of 25 million shares was disclosed in a notice filed after market hours on Tuesday when the stock price climbed to $200.43. That marks a 30 percent jump from the beginning of the year, far outpacing the 4 percent average gain in the Dow Jones Industrial Average index.
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