Jeff Bezos to Offload $4.75billion in 1 year Amid Trade War

At Amazon’s Thursday closing price of $190 a share, the planned divestiture is a significant step for the world’s second-wealthiest person, who has increasingly distanced himself from the day-to-day operations at the company since stepping down as CEO in 2021.

The timing of the filing comes shortly after Amazon’s announcement late Thursday, in which the company warned that its earnings might fall short of Wall Street estimates due to ongoing trade tensions.

The e-commerce giant attributed this potential shortfall primarily to the economic uncertainty surrounding U.S. President Donald Trump’s global trade war. Amazon’s warning highlighted the growing risks to its growth prospects stemming from these international trade challenges.