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Jeff Bezos recently sold 12 million shares of Inc., marking his first sale of the company’s stock since 2021. The transactions took place on Wednesday and Thursday, resulting in over $2 billion in net earnings, according to a filing.

In February, Amazon announced that Bezos intends to sell up to 50 million shares of the company over the next 12 months. This potential sell-off comes at a time when Bezos’ fortune has increased by $22.6 billion this year, reaching $199.5 billion, making him a contender for the title of the world’s richest person.

Bezos has a history of selling Amazon shares, with records dating back to 2002. He has sold over $30 billion worth of shares, including approximately $20 billion combined in 2020 and 2021. In addition to selling shares, Bezos has also donated stock, with approximately $230 million worth of shares being given to nonprofit organizations in November.

Amazon declined to comment on Bezos’ recent sales through a spokesperson. To stay updated on how AI is shaping the future of business, readers can subscribe to the Eye on AI newsletter for free.

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