Over the course of the following 12 months, Jeff Bezos intends to sell up to 50 million shares of Amazon.com Inc.
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Possibly profiting from a stock market boom that has moved him closer to becoming the richest person on the planet.
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The revelation follows Amazon's announcement of the highest growth in online sales since the beginning of the pandemic.
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Enabling the stock to soar by about 8% to $172.
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Bezos's net worth increased proportionately, rising by $12.1 billion on Friday to trail leader Elon Musk by $8.1 billion.
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A surge in tech stocks that has propelled US stock indices to record highs also helped Amazon.
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Since 2021, Bezos has not been ranked first on the index, according bloomberg
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According to a filing on Friday, Bezos, 60, approved a trading strategy to sell 50 million shares at any moment before January 31, 2025.
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