Jeff Bezos is predicted to be “competitive” in promoting extra stocks of Amazon on Tuesday, assets informed CNBC’s David Faber.Bezos would possibly promote as many as 8 to ten million stocks, which might quantity to more or less $1 billion price of inventory, the assets informed Faber.It comes after Bezos remaining week unloaded about $240 million price of Amazon stocks.Emma McIntyre | Getty Pictures Leisure | Getty ImagesJeff Bezos is predicted to be “competitive” in promoting extra stocks of Amazon on Tuesday, assets informed CNBC’s David Faber.Bezos would possibly promote as many as 8 to ten million stocks, which might quantity to greater than $1 billion price of inventory, the assets informed Faber.Stocks of Amazon are down about 2.6%.It comes after Bezos remaining week unloaded about $240 million price of Amazon stocks, in keeping with monetary filings. The transactions have been marked as contributions to non-profit organizations, the submitting states.It is unclear who Bezos donated the stocks to. A consultant for Bezos did not right away reply to a request for remark.Bezos — who’s the 3rd richest individual on this planet, with a web price of round $170 billion, in keeping with Bloomberg — nonetheless owns about 988 million Amazon stocks, which quantities to a just about 10% stake within the corporate.Since stepping down as CEO of Amazon in 2021, Bezos has speeded up his charitable giving, and has stated he plans to provide away a lot of his fortune in his lifetime. Bezos and his fiancee Lauren Sanchez in August pledged $100 million to restoration efforts in Maui after fatal wildfires ravaged the Hawaiian island. Bezos has stated he sells a minimum of $1 billion of Amazon inventory a 12 months to fund his rocket startup, Blue Starting place, and in 2020 he introduced the $10 billion Earth Fund to struggle the consequences of local weather trade.Previous this month, the Amazon founder and government chairman introduced that he plans to go away Seattle and transfer to Miami, permitting him to be nearer to his folks, Sanchez, and Blue Starting place’s operations.WATCH: This is why Jeff Bezos is leaving Seattle for Miami
