Get the latest tech news

Jeff Bezos to sell another $5bn of Amazon shares

In February, Mr Bezos announced that he would sell shares in technology giant worth around $8.5bn.

The company's shares have risen by more than 30% this year on expectations that growing demand for artificial intelligence (AI) technology will boost earnings at its cloud computing business. Amazon reported robust quarterly earnings at the end of the April, that showed the company's bet on AI was paying off. Mr Bezos is the world's second richest person, according to the Forbes Billionaires list, with an estimated net worth of around $214bn.

Get the Android app