⁍ The stock sale comes at a time when the company’s shares have surged more than 73% this year.


⁍ Jeff Bezos had said he planned to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.


⁍ The latest share sale leaves him with 54.5 million shares worth roughly $174.64 billion at the current market price.


– Jeff Bezos is off to a good start on his plan to sell $1 billion worth of Amazon stock a year. The CEO sold 1 million shares of the company over the last two days to the tune of $3.1 billion, leaving him with 54.5 million shares, or about $174 billion at the current market price, reports Reuters. (Bezos is the richest man in the world.)



Source: https://www.reuters.com/article/us-amazon-com-bezos/bezos-sells-amazon-shares-worth-31-billion-idUSKCN2521ZA