Jeff Bezos sells $666 million in Amazon stock as part of plan to unload 25 million shares

In a significant move, Jeff Bezos, the founder of Amazon, has sold approximately 3 million shares of the company, generating nearly $665.8 million over a two-day period in July, according to a regulatory filing released on Tuesday. This sale is part of a broader strategy unveiled earlier this year, which aims to liquidate up to 25 million shares by May 2026. Bezos, who stepped down as CEO of Amazon in 2021, had recently sold $736.7 million in stock during the closing days of June. Despite these sales, he retains over 900 million shares of Amazon, valued at nearly $200 billion, solidifying his position as the company's largest shareholder. This latest stock sale follows closely after Bezos' lavish $50 million wedding to Lauren Sanchez in Venice, attended by a host of celebrity guests including Ivanka Trump and her husband Jared Kushner, Bill Gates, Oprah Winfrey, multiple Kardashians, and Leonardo DiCaprio. Even with these financial maneuvers, Bezos remains the chairman of Amazon, continuing to influence the company's direction.