Bezos sells Amazon stake worth $1.9 billion
Reuters
Published Aug 05, 2020 23:07
(Reuters) - Amazon.com Inc (NASDAQ:AMZN) Chief Executive Officer Jeff Bezos offloaded stake worth $1.9 billion (1.45 billion pounds) in recent days, according to a regulatory filing on Wednesday.
During the first two working days of August, Bezos sold over 600,000 shares as part of a previously announced trading plan, leaving him with 54.9 million shares worth roughly $176 billion at current market prices.
Bezos, the world's richest man, has said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.
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Written By: Reuters
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