Jeff Bezos Sells Amazon Stock to Bankroll Nonprofit Preschools
Jeff Bezos
Photographer: Yuri Gripas/Abaca/Bloomberg
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Amazon.com Inc. founder Jeff Bezos sold 1.1 million shares of company stock over a two-day period ending May 30, according to regulatory filings Friday, with more than half of the proceeds going to a nonprofit preschool he founded.
Bezos sold 431,426 shares on May 29 and 667,260 shares on May 30, according to one filing. The $117 million from the May 30 sale is going to fund Day 1 Academies, a chain of Montessori-themed preschools Bezos founded that has facilities in Texas, Washington, Florida and several other states, according to another filing. The nonprofit opened its first school in 2020.