Amazon Founder and CEO Jeff Bezos cashed in USD$ 1.8 billion worth of the company’s shares over the last three days of July as per reports.
Forbes reported that between July 29 and July 31 Bezos sold a little over 900,000 shares of the e-commerce giant when its stock price was around USD$ 1,900 a share.
This isn’t the first time that the Amazon boss has sold Amazon shares, however this is the largest sell off for him. He previously sold chunk of Amazon shares in October 2018 too.
The papers filed by Bezos on Wednesday with the Securities Exchange Commission also showed that he gave his former wife MacKenzie a fourth of his Amazon stake which is about 19.7 million shares. MacKenzie has decided to donate half of her USD$ 38 billion worth alimony to investor Warren Buffett’s philanthropic campaign, the Giving Pledge.
Source : Various