Jeff Bezos has sold roughly $4.1 billion worth of Amazon shares in the past week – CNBC

Jeff Bezos has sold roughly $4.1 billion worth of Amazon shares in the past week – CNBC

Jeff Bezos
Amazon CEO Jeff Bezos laughs at a discussion at the Air Force Association's Air, Space and Cyber Conference in National Harbor, Md., Sept. 19, 2018. Andrew Harrer | Bloomberg | Getty Images Jeff Bezos continues to cash out his Amazon shares. The Amazon CEO sold $579.8 million worth of shares on Friday, according to filings with the Securities and Exchange Commission. That's after he sold $1.65 billion worth of shares last Tuesday and Wednesday, as well as unloaded $1.8 billion worth of shares between Jan. 31 and Feb. 3, according to SEC filings. That means he's sold roughly $4.1 billion shares in the past week. The transactions were made as part of a pre-arranged 10b5-1 trading plan, according to the filings. .


Representatives from Amazon weren't immediately available to comment on the latest sale. Bezos has accelerated his stock sales in recent years. Last August, Bezos sold about $2.8 billion worth of Amazon shares. He also cashed out of Amazon stock in 2017 and 2016. Bezos has previously said he's selling about $1 billion of Amazon stock a year to fund his space exploration company, Blue Origin. He's also earmarked additional capital for the Day One Fund, the organization he launched in September of 2018 to provide education in low-income communities and combat homelessness. Last November, the fund awarded $98.5 million in grants to 32 groups. The stock sales come as Bezos' lifestyle has become increasingly public. .

Leave a Reply

* Copy This Password *

* Type Or Paste Password Here *