Amazon founder Jeff Bezos plans to sell up to 50 million Amazon shares in the next year, worth $8.6 billion.

The sale plan was adopted in November 2021 and will be finalized by January 2025. Bezos founded Amazon in 1994 and currently has a net worth of $185 billion, making him the third richest person in the world. Amazon shares have seen a significant rise, thanks to better-than-expected results reported by the company.