Jeff Bezos Continues To Sell Amazon Shares

 

RTTNews

via Nasdaq - Feb 10, 2020

 

(RTTNews) - Amazon.com Inc.'s founder and Chief Executive Officer Jeff Bezos is continuing his stock selling spree.

 

According to regulatory filings, the world's richest man has sold more than 2 million shares of Amazon In the past week, for more than $4 billion.

 

The latest transaction was disclosed on Friday after Amazon's stock touched fresh highs. The transactions are part of a pre-arranged trading plan.

 

According to calculations by Bloomberg, Bezos' stock sale is now valued at more than $14 billion, with most of the sales occurring during the past four years.

 

Bezos' latest stock selling actions come after Amazon closed last Tuesday's trading session with a market capitalization of $1 trillion, enabling it to join fellow tech giants Apple, Google and Microsoft in the trillion-dollar club.

 

Even after the latest stock sale, Bezos owns about a 11 percent stake in the e-commerce giant, worth $115.5 billion...

 

Bezos has said his plan is to sell stock worth about $1 billion every year to fund his space startup, Blue Origin.

 

According to reports, Bezos and girlfriend Lauren Sanchez are also hunting for a mega mansion in Bel Air and Beverly Hills. The mega mansion they plan to buy is said to be in the $100 million to $200 million range...

 

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https://www.nasdaq.com/articles/jeff-bezos-continues-to-sell-amazon-shares-2020-02-10