Not a bad week: Amazon CEO Jeff Bezos has sold about 1.7 million shares in recent days, making a cool $3.49 billion.
On Tuesday, filings with the Securities and Exchange Commission disclosed that the Amazon founder and CEO had sold 905,456 shares on Friday and Monday for a total of $1.84 billion. According to new SECfilings Thursday, Bezos sold an additional 810,912 shares Tuesday and Wednesday for around $1.65 billion. That brings his nearly weeklong total to more than 1.7 million shares sold for about $3.49 billion.The sales were pre-arranged, though they coincided with Amazon becoming just the fourth U.S.
Bezos typically sells off large chunks of his Amazon shares throughout the year, at pre-arranged times. Last August, he sold nearly 1.5 million shares for about $2.84 billion, during a time when Amazon stock was suffering its worst losing streak in 13 years. Bezos is the world’s richest individual, by a comfortable margin. His $126 billion fortune is about $9 billion more than the runner-up, Microsoft Corp. MSFT, +2.07% co-founder Bill Gates, according to the Bloomberg Billionaires Index.
In 2018, Bezos said he was putting about a billion dollars a year of his own money into his private space venture, Blue Origin. He and his then-wife, Mackenzie, were also named the country’s top philanthropists of 2018, giving $2 billion that year to fight homelessness and improve preschool education.
Amazon shares are up 11% year to date and 27% over the past year, as compared to the S&P 500’s SPX, +0.33% gains of 3.6% and 24%, respectively, over those spans.Comment #div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; }
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