Amazon.com’s founder, Jeff Bezos, has offloaded approximately 12 million shares of the e-commerce and cloud computing giant, fetching around $2 billion, a move disclosed in a company filing this Friday. This sell-off occurred over two days, Wednesday and Thursday, aligning with Amazon’s announcement last week of Bezos’s intention to sell up to 50 million shares of the company within a specified timeframe.

The planned share disposal, outlined on November 8, 2023, is set to be fully executed by January 31, 2025, as per Amazon’s latest annual report. This strategic sale comes as part of a pre-arranged plan that is contingent on fulfilling certain conditions.

Bezos, who transitioned from his role as CEO to become the executive chairman in 2021, has been at the forefront of Amazon’s evolution since its inception as a bookseller in 1994. With a current net worth estimated at $200 billion by the Bloomberg Billionaires Index, Bezos holds the position of the world’s second richest individual.