Amazon boss Jeff Bezos offloads $990M worth of shares, taking the total value of shares sold last week to $2.8B
Jeff Bezos, founder of Amazon and Blue Origin speaks at the John F. Kennedy Library in Boston, Massachusetts, US on June 19, 2019.
Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion.with the Securities and Exchange Commission showed.The move comes as part of a previously announced 10b5-1 trading plan. Bezos had previously said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.
Bezos' former wife, Mackenzie Bezos, who currently owns Amazon stake worth more than $37 billion, is now the online retailer's second largest individual shareholder.
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