Jeff Bezos Sells $1.1 Billion Amazon Shares With Stock at Record

Jeff BezosJeff Bezos Photographer: Matthew Staver
  • Jeff Bezos Sells $1.1 Billion Amazon Shares With Stock at Record

Jeff Bezos sold a million Amazon.com Inc. shares this week for $1.1 billion, according to a U.S. securities filing on Friday. The sale represented 1.3 percent of his holding and leaves Bezos with a 16.4 percent stake in the retailer.

The world’s richest man said in April he would sell $1 billion a year in Amazon stock to fund Blue Origin LLC, the rocket company fueling his dream of sending people into space. He had already sold another batch of a million shares in May.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

Be the first to comment on "Jeff Bezos Sells $1.1 Billion Amazon Shares With Stock at Record"

Leave a comment

Your email address will not be published.


*