Bezos Sells $1.8 Billion in Amazon Shares

Jeff Bezos

Amazon Founder and CEO Jeff Bezos sold $1.8 billion worth of shares in the company in July, according to papers filed with the Securities and Exchange Commission (SEC). He netted about $1.4 billion after taxes from the sale of more than 900,000 shares.

Bezos, who is worth an estimated $116 billion, has said that he has been selling about $1 billion in Amazon stock annually to fund his Blue Origin space company.

Bezos also gave 19.7 millions shares worth nearly $36.8 billion to his former wife, MacKenzie, to settle their divorce.