Jeff Bezos sells $ 2.5 billion worth of Amazon stock
Amazon founder Jeff Bezos sold about $ 2.5 billion in shares in the company. This is the first major sale of shares by a businessman this year, while last year, he sold more than $ 10 billion of shares in the company.
According to documents from the US Securities and Exchange Commission, Bezos sold 739 thousand shares as part of a pre-agreed trading plan this week. In total, the founder of Amazon plans to sell up to 2 million shares this year. According to Bloomberg, Jeff Bezos, who is the richest man globally, still owns over 10% of Amazon, the main source of his $ 191.3 billion fortune.
Amazon went public in 1997, and over the next 15 years, Bezos sold a fifth of the company for about $ 2 billion. However, in recent years, the value of his stake has increased significantly, due to which he can now sell relatively small shares for billions of dollars.
The Amazon founder uses the proceeds from the company’s shares to fund his own aerospace company, Blue Origin. In the past, he has also donated $ 10 billion to the Bezos Land Foundation, which was created to help organizations fighting climate change on the planet.
We will remind, this week, it was announced that the first launch of people into space on a rocket New Shepard company Blue Origin would take place on July 20. The seat of one of the crew members will be auctioned.
