<p>Amazon.com founder Jeff Bezos will sell up to 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday.</p><p>The securities are worth $8.6 billion at the current price of $171.8 share.</p><p>The sale plan, which is subject to certain conditions, was adopted on Nov. 8 last year and will be completed by Jan. 31, 2025, according to the company's latest annual report.</p><p>Amazon shares ended nearly 8 per cent higher on Friday after the e-commerce heavyweight reported higher-than-expected sales for the holiday quarter and its lucrative cloud business signaled early gains from AI-powered features.</p>.Dissenting investors don’t have voting rights on CEO removal: Byju’s. <p>They had surged more than 80 per cent last year amid a broader rally in tech stocks and outperformed the benchmark S&P 500 index .</p><p>Bezos founded Amazon as a bookseller in 1994. He stepped down as its chief executive and took over as executive chairman in 2021.</p><p>He is currently the world's third richest person with a net worth of $185 billion, according to Bloomberg Billionaires Index. </p>
<p>Amazon.com founder Jeff Bezos will sell up to 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday.</p><p>The securities are worth $8.6 billion at the current price of $171.8 share.</p><p>The sale plan, which is subject to certain conditions, was adopted on Nov. 8 last year and will be completed by Jan. 31, 2025, according to the company's latest annual report.</p><p>Amazon shares ended nearly 8 per cent higher on Friday after the e-commerce heavyweight reported higher-than-expected sales for the holiday quarter and its lucrative cloud business signaled early gains from AI-powered features.</p>.Dissenting investors don’t have voting rights on CEO removal: Byju’s. <p>They had surged more than 80 per cent last year amid a broader rally in tech stocks and outperformed the benchmark S&P 500 index .</p><p>Bezos founded Amazon as a bookseller in 1994. He stepped down as its chief executive and took over as executive chairman in 2021.</p><p>He is currently the world's third richest person with a net worth of $185 billion, according to Bloomberg Billionaires Index. </p>