Bezos, 56, sold one million shares of Amazon stock at prices ranging from $3,102 per share to $3,183 per share, the SEC filings showed. The stock sale netted Bezos roughly $3 billion.
Bezos, the world’s richest man, has regularly sold Amazon stock to fund other ventures in recent years. He has pledged to raise at least $1 billion in stock sales per year to fund Blue Origin, his privately held space tourism and exploration firm.
The Amazon CEO sold shares worth $1.7 billion last February. The reason for the latest sale was not immediately known.
The latest transaction occurred days after Amazon blew away Wall Street’s expectations with its most recent earnings report. The company reported second-quarter revenue of nearly $89 billion as shoppers turned to online retail during the coronavirus pandemic.
Bezos has a personal net worth of more than $189 billion, according to Forbes.