Bezos Unloads $4.1 Billion Worth of Amazon Stock Amid Record High Earnings

Amazon founder Jeff Bezos plans to sell 15 million shares of Amazon stock valued at approximately $4.1 billion after the company's shares reached a record high following stronger-than-expected quarterly earnings.

The planned sale comes as Amazon continues to benefit from accelerating growth across its cloud computing division, artificial intelligence initiatives, digital advertising business, and global e-commerce operations.

Bezos' sale is expected to remain one of the largest individual shareholder sales in recent history, but he will still maintain significant influence over the company through his substantial ownership stake.