Deals
Amazon CEO Bezos Sells About $1 Billion in Company Stock
- E-commerce billionaire has used proceeds for space company
- Share sale part of Amazon founder’s regular divestment plan
Amazon's Jeff Bezos Is the World's Second-Richest Person
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Amazon.com Inc. Chief Executive Officer Jeff Bezos sold about $1 billion in company stock as part of a planned divestiture, a month after the world’s third-richest man said he spends about that amount annually on his space exploration company Blue Origin LLC.
Bezos sold 1 million shares from Tuesday to Thursday ranging in price from about $935 to $950 per share, according to a regulatory filing on Thursday. He still owns 79.9 million shares, or about 17 percent of the company, down from 83 million shares at the end of 2015.