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Bezos sells Amazon shares worth $3.1 billion

Published 08/06/2020, 09:47 AM
Updated 08/06/2020, 12:00 PM
© Reuters. Jeff Bezos, founder of Amazon, attends a company event in New Delhi

(Reuters) - Amazon.com Inc (O:AMZN) 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.

Latest comments

when the companies need cash during pandemic no wonder.
Cool 😎
GOOD MAN
Guess money can't save hair
hey bezos, instead of funding your trip to Mars, which by the way will never happen, how about using that money to save the planet you actually live on instead? you can start by feeding children in desperate need of food and shelter, has a nicer ring to it
Hi has a foundation for that
This is the reason why Elon Musk is selling smoke with Tesla, his only purpose is raise money enough to boost Spacex, because he is obsessed with getting to Mars and knows that will need huge money to achieve it so, it is necessary that Tesla´s shares grow to the infinte and beyond.
I had a yard sale to buy a model rocket, kinda the same :-)
only 1.9% -- I wouldn't worry
Bezos sell some stocks at high levels. Market: Lets go all in
He wants to buy Seattle. They're having a fire sale on the place. Should get it cheap.
Let's not forget about Blue Origin, such thing needs funding.
For when he needs to escape the proletariat mobs, maybe.
Pocket change to get new mistress?
with that kind of money i would build a submarine that is also a rocket ship
He knows.
What's going to happen with nasdaq guys?
nothing. most CEOs sell stock every year to maintain their life style and portfolio diversity. they all get free stock every year too, so their net holding don't change much after every sale and every purchase.
$7B this year is not nothin
 it's all about # of shares he sold vs # of shares he has gotten in past few years through bonus and payout. $7B of share isn't same as 7Billion shares. it's still nothing if you look at it in grand scheme of things.
JB Cashin Out !! TQQQ sinkin !!
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