According to a recent report, Jeff Bezos, the founder of Amazon, plans to sell 50 million shares of the company, amounting to $8.6 billion in value.

This decision was made in November of last year and is expected to be completed by January of next year.

 Despite this, Amazon’s stock price rose by 8% after reporting better-than-expected sales for the holiday quarter.

 Jeff Bezos, who founded Amazon in 1994, currently holds the title of the world’s third richest person with a net worth of $185 billion.

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