Bezos Sells More Amazon Stock

Jeff Bezos

Some news on Blue Origin Founder Jeff Bezos:

During this past week –his first full week as the richest person in the world — Amazon CEO Jeff Bezos sold one million of the company’s shares, worth $1.1 billion, according to a filing with the Securities and Exchange Commission on Friday.

After accounting for the stock sale and capital gains taxes, Bezos ended the day Friday with a net worth of $93.7 billion, $4.1 billion higher than Microsoft cofounder Bill Gates, now the second richest person in the world….

At a space conference in April, Bezos explained that he was selling $1 billion of Amazon stock a year to finance his rocket company, Blue Origin. Bezos has now sold more than $2 billion pre-tax in Amazon stock this year. Last year, he sold Amazon stock worth $1.4 billion (pre-tax), while in 2015 and 2014 he sold $534 million and $351 million of stock, respectively. He is still by far Amazon’s largest shareholder, with a 16.4% stake.

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