Bezos sells over $3.1B in Amazon shares

Thursday, 06. August 2020 00:47

Amazon CEO and the world's richest man Jeff Bezos sold $3.15 billion in Amazon shares, a filing with the United States Securities and Exchange Commission (SEC) revealed.

However, the sale amounts to less than 1% of Bezos' total Amazon stock as he still owns 54.5 million Amazon shares, worth around $174.6 billion. According to Forbes, Bezos' wealth amounts to $189.5 billion, meaning most of it remains in Amazon stock.

Earlier this year, Bezos sold $4.1 billion in Amazon shares. In comparison, in 2019, the Amazon CEO sold only $2.8 billion in shares for the entire year. Amazon stock is up 81.57% over the past 12 months.

Related Links: Amazon.com Inc.
Author:
Breaking the News / VP