Jeff Bezos gives back

Jeff Bezos is set to sell nearly $5 billion worth of Amazon shares in July, following a sale of $8.5 billion in February, bringing his total offload this year to over $13.4 billion. Those are big numbers, but his riches are well deserved in my opinion.

Despite stepping down as CEO in 2021, Bezos remains Amazon's executive chair and its largest shareholder with about a 9% stake. Amazon's market value recently crossed the $2 trillion mark, driven by enthusiasm for AI's potential to boost its cloud division.

Founded by Bezos in 1994, Amazon evolved from a bookseller into a massive enterprise covering e-commerce, cloud computing, advertising, streaming media, and more. Since stepping back, Bezos has focused on ventures like Blue Origin, the Washington Post, building giant houses, designing his mega yacht, and charitable efforts like funding the Day 1 Academies.