Jeff Bezos’ ownership stake in Amazon has fallen below 10% — marking a milestone in the billionaire’s decades-long relationship with the e-commerce giant he built from a Seattle garage.

The Amazon founder disclosed in a Tuesday securities filing that he now holds roughly 9% of the company’s outstanding shares after unloading more than 100 million shares over the past year.

A year ago, Bezos controlled about 10.1% of the company, according to regulatory records. When Amazon went public in 1997, he owned more than 43%. 5

Bezos’ latest divestments are part of a broader stock-selling spree that began after he stepped down as CEO in 2021 and handed day-to-day operations to successor Andy Jassy.

At that time, he still held about 14% of the company, filings show.

In February, Bezos

See Full Page