Bezos sells Amazon shares worth $3.1bn

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.

Article continues after this advertisement

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

- Advertisement -
- Advertisement -

Must Read

Pak-Vietnam talks on PTA to be held in November: envoy

ISLAMABAD: Vietnam's Ambassador to Pakistan Nguyen Tien Phong on Wednesday said that talks on further progress on the proposed Preferential Trade Agreement (PTA) between...