Jeff Bezos’ record $4.1 billion sale of Amazon shares ends years of restraint – Seattle Times

Jeff Bezos’ record $4.1 billion sale of Amazon shares ends years of restraint – Seattle Times

Jeff Bezos
Jeff Bezos’ stake in Amazon.com Inc. barely budged over the past decade. That’s started to change.Bezos sold 2 million shares, worth $4.1 billion, as part of a prearranged trading plan between Jan. 31 and Feb. 6, according to regulatory filings.
That’s the largest seven-day selldown by any executive tracked by the Bloomberg Billionaires Index, which began in 2012.WhatsApp co-founder Jan Koum sold $4 billion of Facebook Inc. .


shares in 2016, but that took months. Laurene Powell Jobs divested more than $6 billion of Walt Disney Co. shares in 2016, though it wasn’t part of a trading plan.For Bezos, it’s a sharp reversal from years of relative restraint even as the value of his Amazon stake eclipsed 12 figures in 2017.His increased pace of sales this year might be a result of his 2019 split from MacKenzie Bezos. The pair divorced in the state of Washington, where Amazon is based and the couple lived.
It’s a community property state, meaning all assets and debt acquired during a marriage “will be divided equitably by the court if the couple cannot negotiate an agreement, ” according to the website of McKinley Irvin, a family law firm in the region.The terms of their divorce — at least those publicly disclosed in stock filings and a single tweet by MacKenzie Bezos in April — show that Jeff Bezos retained 75% of the couple’s stake in Amazon as well as interests in The Washington Post newspaper and rocket company Blue Origin. .

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