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Jeff Bezos to offload 25 million shares worth $4.8 billion in AmazonWhile its online stores business took the top position, the Seattle-based company's cloud business, that is Amazon Web Services (AWS), remained in focus. The AWS business reportedly grew at a slower pace than expected.By Juviraj Anchil  May 3, 2025, 1:29:34 PM IST (Published)2 Min ReadJeff Bezos, the founder of Amazon and one of the richest people in the world, is planning to sell stakes worth $4.8 billion in Amazon, according to CNBC report.

This would amount to about 25 million shares. And, Bezos plans to offload these shares over a period of a year, ending May 29, 2026.

This information was disclosed in an exchange filing.

Previously, Bezos had sold shares worth $13.5 billion in 2024.

Despite stepping down from the position of the company CEO, Bezos continues to be the e-commerce and cloud services giant's major shareholder.

This disclosure comes after Thursday's (May 1's) quarterly results announcement, in which the company made net sales of $155 billion in Q1 of 2025.

While its online stores business took the top position, the Seattle-based company's cloud business, that is Amazon Web Services (AWS), remained in focus. The AWS business reportedly grew at a slower pace than expected, the report said.

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The total revenue from Amazon Web Services increased 17% to $29.27 billion. In the previous quarter, or Q4 of 2024, the growth in revenue from AWS stood at 18.9%.

Changing Tunes

This development also aligns with Bezos's apparent changing priorities, as it is understood that the billionaire is invested more in Blue Origin, his space exploration business, which competes with the likes of Elon Musk's SpaceX and Boeing. In addition, he has also invested in his $10 billion climate and biodiversity projects.

Amazon is one of the most valuable companies in the world, with an estimated market capitalisation of $2.016 trillion. According to Forbes, Bezos is estimated to be worth $206.7 billion, the second richest person after Elon Musk.

In the past 6 months, the Amazon shares have dipped in value. The stock price has shrunk by $5.80 or 2.96%, taking the overall value to $189.98.

Also Read: Amazon denies tariff label plans after Trump called to complain, US president calls Jeff Bezos 'A good guy'Continue Reading(Edited by : Anshul)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsamazonJeff BezosShareholders