Jeff Bezos Sells $1.8 Billion Worth of Amazon Stock this Week


The chairman and chief executive of Inc. AMZN, +1.19%   has sold 968,148 shares worth $1.84 billion over the past three days, according to disclosures made in Securities and Exchange Commission filings late Wednesday night.

According to Forbes, this may be his largest-ever stock sale in dollar terms. Bezos, the founder of space exploration company Blue Origin and owner of The Washington Post, sold the stock in conjunction with a pre-arranged 10b5-1 trading plan, the SEC filing said.

Bezos remains by far the e-commerce and cloud giant’s largest shareholder, as he still owns 58.1 million Amazon shares, SEC filings show, which at current stock prices would be valued at about $109.6 billion. That would still make Bezos the world’s richest human, as the Bloomberg Billionaires Index had Microsoft Corp.



Credit: Marketwatch


About The Author

Related posts