Bezos offloaded the 739,032 shares in a pre-arranged trading deal. With the sale, Bezos still accounts for over 10% of the company’s stock while retaining his top spot as the world’s richest man with a cumulative net worth of approximately $193 billion. The company is set to keep reaping the benefits from the pandemic, with 2021 revenue projected to surpass $500 billion. Last year, the company posted $386 billion in revenue, an annual increase of about 38%. Early this year, Bezos revealed that he plans to step down as the company’s CEO by the end of 2021. He will shift his attention to his other entities, including the Washington Post, Blue Origin, and Bezos Earth Fund. Bezos will hand over management reigns to AWS CEO Andy Jassy.
