Bezos sells Amazon shares worth $3.1 billion
Stock Markets9 hours ago (Aug 06, 2020 12:00PM ET)
(C) Reuters. Jeff Bezos, founder of Amazon, attends a company event in New Delhi
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(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.
Bezos sells Amazon shares worth $3.1 billion
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