Amazon founder Jeff Bezos has sold more of his shares in the company, bringing the total value of sales disposed of during recent days to over £3.2bn.
Bezos offloaded shares in two tranches worth £1.59bn each, following Amazon’s share price nearly hitting an all-time high.
The share sales are the CEO’s first since 2021 and are likely to be considered a capital gain as he has owned them since founding the brand in 1994, according to The Telegraph.
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The ecommerce giant’s shares have grown more than 12% this year so far, after it revealed a 14% rise in Christmas sales earlier this month.
Amazon made £135.4bn of sales during the three months to December.
The news comes after the government demanded Amazon unfreezes funds it is holding back from hundreds of sellers under new VAT checks earlier this month, that have left some small businesses facing possible bankruptcy.
Government minister Kevin Hollinrake said he was “very concerned” after up to 400 traders appealed to small business commissioner Liz Barclay for help following the retail giant withholding their money for months.
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