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**Jeff Bezos Sells $2 Billion Worth of Amazon Shares**

Amazon.com founder Jeff Bezos has made headlines after selling around 12 million shares of the online retail and cloud services firm for approximately $2 billion, as disclosed in a company filing on Friday. This move comes after Bezos laid out a plan to gradually sell off his shares over the next year.

The sale, which occurred on Wednesday and Thursday, was confirmed by the filings. Last week, Amazon had announced that Bezos would be selling up to 50 million shares in the firm. The sale plan, subject to certain conditions, was adopted on Nov. 8, 2023, and is slated to be completed by Jan. 31, 2025, according to the companyÔÇÖs latest annual report.

As Bezos, who founded Amazon as a bookseller in 1994 and has since taken on the role of executive chairman after stepping down as the companyÔÇÖs chief executive in 2021, makes these significant financial moves, he solidifies his position as the worldÔÇÖs second richest person with a staggering net worth of $200 billion, according to Bloomberg Billionaires Index.

**How AI legalese decoder can Help**

The AI legalese decoder can assist in deciphering the complex legal jargon and technical language often found in company filings, such as the ones detailing Bezos’ share sales. By using AI to simplify and decode these documents, individuals and businesses can gain a better understanding of the legal and financial implications of such transactions. This can be particularly useful for investors, analysts, and anyone else interested in comprehending the intricate details of high-stakes financial dealings.

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