Shrinking stake: Amazon founder Jeff Bezos (pictured) is set to dump a further £800m worth of shares in the online giant
Jeff Bezos is set to dump a further £800million of Amazon shares as he continues to offload his stake.
The world’s third richest man, who is worth around £135billion, is shrinking his holding in the online company he founded in 1994.
Just last week he sold shares worth about £190million, which were marked as donations to non-profit groups, according to filings. But it is unclear where this money was donated.
Now it is understood that Bezos, 59, is gearing up sell as many as 8m to 10m shares, according to reports from CNBC last night.
Bezos is making plans to give away most of his wealth during his lifetime.
Since stepping down as Amazon chief executive in 2021, he has shifted his focus to his space exploration and rocket manufacturing company Blue Origin.
But he is still executive chairman at Amazon and owns a near-10 per cent stake.
This month he announced he would be leaving Seattle, where Amazon is based, to move to Miami, allowing him to be closer to his parents.
