The selling spree this month has so far netted Bezos an estimated $5.1 billion after taxes.
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Amazon founder Jeff Bezos sold another batch of Amazon stock on Friday and Monday, the third time in a week the outgoing executive has cashed out some of his Amazon shares in a selling spree that has netted him $5.1 billion after taxes since Monday May 3,According to the Securities and Exchange Commission, Bezos sold 522,000 Amazon shares worth $1.7 billion on Friday and Monday. After taxes, Bezos will take home $1.3 billion,estimates.
Bezos said he was stepping down as Amazon CEO earlier this year to focus on his other interests. These include the Day 1 Fund, which doles out millions to organizations combating homelessness and building for low-income families, as well as the Bezos Earth Fund, his $10 billion climate change initiative. Bezos also said he wants to spend time on the, which he has owned since 2013, and his commercial space company Blue Origin. In 2017, Bezos said he was selling about $1 billion worth of Amazon stock annually to fund Blue Origin.
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