Bloomberg
The executive said in 2017 that he would sell Amazon shares at a rate of around US $ 1 billion a year to finance Blue Origin LLC, the space flight company.
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Jeff Bezos, founder and CEO of Amazon.
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Jeff Bezos is selling rampant stocks. The sale of securities by the founder and chief executive officer of Amazon.com Inc. last week reached 1.7 million shares, or US $ 3,450 million, according to the latest round of reports to regulatory authorities. However, the shares have continued to appreciate, with an increase of 9.6% since January 30, the day before sales began. Transactions are part of a pre-established plan.
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An Amazon spokesman declined to comment.
This brings total sales of Bezos shares to more than US $ 13,000 million, and most of them have been made in the last four years, according to Bloomberg calculations. Bezos, 56, said in 2017 that he would sell Amazon shares at a rate of around US $ 1 billion a year to finance Blue Origin LLC, the space flight company. Since then, the rocket manufacturer has expanded its operations and mentioned its first test flights with humans this year.
Bezos has also been making art purchases. The businessman was seen in preliminary presentations by Sotheby’s. As reported, Bezos set a record for artist Ed Ruscha at a Christie’s auction that same month with the purchase of the play “Hurting the Word Radio # 2” for $ 52.5 million. Bezos also bought “Vignette 19,” from Kerry James Marshall, for $ 18.5 million at Sotheby’s, more than double its highest estimate. And he has been looking for a house in Los Angeles, agents have said there.
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The scale of recent sales, including US $ 2 billion in 2017 and US $ 2.8 billion in 2019, partly reflect the rise in Amazon’s valuation, which closed above US $ 1 billion for the first time on Tuesday. The 1.7 million shares represent a very small part of its stake in Amazon, which still owns about 11% of the company, with a value of US $ 114.5 billion.
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2020-02-07T09: 39: 09-05: 00
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Amazon stock sales by Bezos reach US $ 3,450 million in one week
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