Jeff Bezos, Amazon's executive chairman, sold nearly 12 million Amazon shares for over $2 billion.

Bezos has filed to sell an additional 50 million shares, valued at approximately $8.4 billion.

These sales are part of Bezos' strategy to potentially become the world's richest man, aiming for a net worth of $200 billion.

Since stepping down as CEO in 2021, Bezos has relocated to Miami, but still lists Seattle as his address.

Following the announcement of Bezos' stock sales, Amazon's stock price increased by more than 13%.