Jeff Bezos Continues To Sell Amazon Shares
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...