Amazon founder Jeff Bezos to sell £800m worth of shares

Amazon founder Jeff Bezos is expected to sell more of his stake in the business, after offloading around £200m worth of shares last week.

The business founder could sell as many as 8m to 10m shares, valued at around £800m ($1bn), according to a CNBC report.

According to the filings, Bezos’s transactions were marked as contributions to non-profit organisations, but it remained unclear who received the donations.

Bezos currently owns around 988m Amazon shares, amounting to an almost 10% stake in the company.

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The news comes after it was revealed Amazon would “block” promotions for staff who don’t return to the office earlier this month.

The online giant is refusing to promote staff who do not follow its hybrid working policy of returning to the office for a minimum of three days a week.

Last week, Amazon also revealed it would start selling cars online from next year, as it sets it sights on becoming the “everything store”.

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