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Home / Business / Jeff Bezos sells Amazon shares worth $ 2.8 billion last week

Jeff Bezos sells Amazon shares worth $ 2.8 billion last week



FILE PHOTO – Jeff Bezos, Amazon and Blue Origin founder speaks during the JFK Space Summit, celebrating the 50th anniversary of the lunar landing, at the John F. Kennedy Library in Boston, Massachusetts, USA, June 1

9, 2019. REUTERS / Katherine Taylor

(Reuters) – Amazon.com Inc ( AMZN.O ) CEO Jeff Bezos unloaded $ 990 million shares in the company last Thursday and Friday, taking the total value of shares sold last week to $ 2.8 billion.

During the last three days of July, Bezos has sold shares worth around $ 1.8 billion, regulatory filings here with the Securities and Exchange Commission show.

Amazon declined to comment on Bezos' stock sale.

The move comes as part of a previously announced trading plan for 10b5-1. Bezos had previously said he plans to sell shares worth around $ 1 billion each year to fund his rocket company, Blue Origin.

Bezos' ex-wife, Mackenzie Bezos, who currently owns Amazon's stake worth more than $ 37 billion, is now the online store's second largest individual shareholder.

Reporting by Manojna Maddipatla in Bengaluru and Jeffrey Dastin in San Francisco; editing of Gopakumar Warrier

Our Standards: The Thomson Reuters Trust Principles.

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