Bezos completed a plan to sell 50 million shares of Amazon stock for a total of $8.5 billion. Amazon disclosed in early February that Bezos planned to sell 50 million shares of the company's stock, and he completed the plan in just nine trading days, cashing out a total of $8.5 billion. According to regulatory filing documents, the recent transaction was completed on the three trading days ending on Tuesday. Bezos, the world's third-largest billionaire, had never sold company stocks since 2021 before his large-scale reduction in holdings this round. Bezos has not yet disclosed plans for the use of funds. On November 2nd last year, he announced that he would move from the Seattle area to Miami.