Jeff Bezos has sold almost 3.5 billion in Amazon

Amazon founder Jeff Bezos has sold almost \3.5 billion worth of shares in the company over the course of the past week. Beginning on January 31, according to SEC filings, the 56-year-old has offloaded 1,716,368 shares — approximately 3 per cent of his total stake. Previously Mr Bezos, who according to Bloomberg’s Billionaires Index remains the richest man in the world, said he planned to sell his Amazon stock in order to fund his space exploration company, Blue Origin… Mr Bezos now owns approximately 11 per cent of Amazon, the company he founded in 1994, and which recently exceeded a market capitalisation of \1 trillion… Mr Bezos’s last stock sell-off occurred in July and August last year when, in another pre-arranged trade, he offloaded just over 1.5 million shares — at the time worth \2.8 billion… Also in 2018, Mr Bezos and his then-wife, Mackenzie Bezos, pledged \2 billion to help combat homelessness, and to fund new schools for low-income families… However, the fund’s activity to date appears to have come via stock gifts rather than direct donations. According to a filing on November 21 2019, Mr Bezos donated 56,702 shares, worth just under \99 million, to unspecified non-profit organisations. 

Dave Lee

 

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