Jeff Bezos sells Amazon shares worth $3 billion

Bezos, 56, sold one million shares of Amazon stock

Amazon CEO Jeff Bezos cashed in some of his shares in the booming e-commerce giant, according to company filings with the U.S. Securities and Exchange Commission on Wednesday.

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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.

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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.

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TickerSecurityLastChangeChange %
AMZNAMAZON.COM INC.3,174.05+78.92+2.55%

The Amazon CEO sold shares worth $1.7 billion last February. The reason for the latest sale was not immediately known.

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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.

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