News > Jeff Bezos sold $5 billion of Amazon stock in 4 days, ahead of stepping down as CEO

Jeff Bezos sold $5 billion of Amazon stock in 4 days, ahead of stepping down as CEO

Jeff Bezos cashed out almost $5 billion of Amazon stock this week, as he prepares to step down as the e-commerce giant's CEO next quarter.

Bezos sold about 1.5 million shares at an average price of around $3,350 between Monday and Thursday, netting himself $4.9 billion, regulatory filings show. The disposals reduced his total Amazon shares from 53.2 million to 51.7 million - a 10.3% stake worth $170 billion as of Friday's close.