Amazon chief executive and richest man Jeff Bezos sold more than $ 3 billion worth of stock this week. It was reported by a television station CNBC with reference to the report to the United States Securities and Exchange Commission.
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According to the report for the commission, the sale was within the framework of a pre-prepared business plan 10b5-1. Amazon declined to comment on the sale.
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So far, Jeff Bezos has sold $ 10.2 billion worth of Amazon stock during 2020. The first major sale of shares for 4.1 billion took place in February, followed by the August sale for 3.1 billion. Compared to 2019, when he sold shares “only” for $ 2.8 billion, this is a big leap.
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Even after this week’s transaction, Jeff Bezos still owns over 53 million shares of the company with a total value of almost $ 170 billion. That’s from him, according to the magazine Forbes makes him the richest man on the planet, which, with a total Bezos fortune of $ 189.6 billion, doesn’t change anything. Forbes also estimated that Bezos would take home $ 2.3 billion after tax.
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Bezos has previously said that it sells about one billion shares of Amazon each year to finance its Blue Origin start-up, through which it wants to manufacture aircraft and provide space flights. It also launched the Earth Fund, a $ 10 billion fund to combat the effects of climate change, in February this year.
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Recipients of grants from this fund have not yet announced Bezos. According to the magazine The Atlantic however, hundreds of millions of dollars will be subsidized by four environmental organizations.
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