Jeff Bezos Sells Amazon Shares Worth $3.1 Billion

ge56hg98 jeff bezos

During the first two working days of August too, Bezos sold 1 million shares

Amazon.com Inc Chief Executive Officer Jeff Bezos sold shares worth $3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday. The stock sale comes at a time when the company’s shares have surged more than 73 per cent this year.

During the first two working days of August, Bezos sold 1 million shares as part of a previously announced trading plan, according to the filings. Bezos, the world’s richest man, had said he planned to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.

The latest share sale leaves him with 54.5 million shares worth roughly $174.64 billion at the current market price.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Author: ApnayOnline

ApnayOnline.com is an oline news portal which aims to provide latest trendy news around the Asia

Leave a Reply

Your email address will not be published. Required fields are marked *