Jeff Bezos is releasing about $2.4 billion in Amazon stock

Amazon founder and executive chairman Jeff Bezos unloaded more than 14 million shares of his company, valued at roughly $2.4 billion, bringing total shares sold since the start of the month to 50 million.

Sales began late last week and continued through Tuesday, according to securities filing. In total, Bezos sold 14,006,906 shares in the company for about $2.37 billion, the filing said.

The sales were made according to a previously prepared trading plan that Bezos adopted in November and revealed earlier this monthwhich said it could sell up to 50 million Amazon shares before January 31, 2025.

Bezos sold about 12 million Amazon shares worth an estimated $2.03 billion last week, in addition to another tranche of 12 million shares just days before. He unloaded another 12 million shares a week before.

Bezos has not sold Amazon stock since May 2021, the year he stepped down as Amazon’s CEO, before the latest wave of sales. Last year, he gave away about $240 million worth of Amazon stock.

Bezos’ stock sales have accelerated since he announced last November that he would leave Seattle and move to Miami, allowing him to be closer to fiancee Lauren Sanchez and his parents, as well as Blue Origin’s operations.

Clarification: This story has been updated to reflect that Bezos has unloaded about $2.4 billion in stock