Bezos sells Amazon shares worth $3.1 billion
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WEDNESDAY, FEBRUARY 08, 2023
Bezos sells Amazon shares worth $3.1 billion

Global Economy

Reuters
06 August, 2020, 10:05 pm
Last modified: 06 August, 2020, 10:06 pm

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Bezos sells Amazon shares worth $3.1 billion

Jeff Bezos, the world’s richest man, had said he planned to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin

Reuters
06 August, 2020, 10:05 pm
Last modified: 06 August, 2020, 10:06 pm
Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington, US, May 9, 2019/ Reuters
Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington, US, May 9, 2019/ Reuters

Amazon.com Inc Chief Executive Officer Jeff Bezos sold shares worth $3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday.

The stock sale comes at a time when the company's shares have surged more than 73% this year.

During the first two working days of August, Bezos sold 1 million shares as part of a previously announced trading plan, according to the filings.

Bezos, the world's richest man, had said he planned to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.

The latest share sale leaves him with 54.5 million shares worth roughly $174.64 billion at the current market price.

Jeff Bezos

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