Jeff Bezos, the Amazon boss, has sold nearly 2 billion dollars worth of his shares in the online retailer this week, filings from the US Securities and Exchange Commission showed on Wednesday.
He has sold Amazon shares several times recently.
In February and November 2020, he parted with shares worth a total of more than 7 billion dollars.
Bezos founded Amazon in 1994 and is still the largest individual shareholder in the company.
Amazon was recently valued at 1.65 trillion dollars.
He is thought to be the richest man in the world, according to Forbes and Bloomberg Billionaires.
Bezos has an estimated wealth of more than 190 billion dollars.
He plans to give up his position as Amazon’s chief executive in the third quarter of this year and will become an executive chairman instead.