Jeff Bezos Sells $1.1 Billion Amazon Shares With Stock at Record

How Jeff Bezos Became the King of E-Commerce

Jeff Bezos sold a million Inc. shares this week for $1.1 billion, according to a U.S. securities filing on Friday. The sale represented 1.3 percent of his holding and leaves Bezos with a 16.4 percent stake in the retailer.

The world’s richest man said in April he would sell $1 billion a year in Amazon stock to fund Blue Origin LLC, the rocket company fueling his dream of sending people into space. He had already sold another batch of a million shares in May.

— With assistance by Spencer Soper

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