Jeff Bezos is selling an additional 25 million shares of Amazon, worth a total of $5 billion, just days after the tech giant’s stock market value hit a record high – reaching $2 trillion last week. dollars, for the first time.

After the stock sale — his 4th since last February — Bezos will still own more than 900 million Amazon shares, indicating he has no plans to surrender his stake in the company.

Charities and Blue Origin

The billionaire stepped down as CEO in 2021, but retains the position of executive chairman and remains Amazon’s largest shareholder at 8.8%.

As of 2021, according to Bloomberg, he has focused on philanthropy and his space company, Blue Origin

In May, on two separate dates, he sold about 1.1 million Amazon shares—worth about $117 million at the time—to fund his nonprofit preschools — Day 1 Academies, a Montessori-inspired educational nonprofit.

Earlier this year, in February, he sold about 50 million shares of Amazon worth about $8.5 billion.

Bezos’ net worth is about $222 billion, according to the Bloomberg Billionaires Index. This places him as the second richest person in the world, behind Elon Musk.