Money - International
Jeff Bezos sells Amazon stock worth US$2.8b last week
Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Associationu00e2u20acu2122s Annual Air, Space & Cyber Conference in Oxen Hill September 19, 2018. u00e2u20acu201d AFP pic

NEW YORK, Aug 6 — Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded US$990 million (RM4.15 trillion) worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to US$2.8 billion.

In the last three days of July, Bezos has sold stock worth about US$1.8 billion, regulatory filings with the Securities and Exchange Commission showed.

Advertising
Advertising

Amazon declined to comment on Bezos’ stock sale.

The move comes as part of a previously announced 10b5-1 trading plan. Bezos had previously said he plans to sell stock worth about US$1 billion each year to fund his rocket company, Blue Origin.

Bezos’ former wife, Mackenzie Bezos, who currently owns Amazon stake worth more than US$37 billion, is now the online retailer’s second largest individual shareholder. — Reuters

Related Articles

 

You May Also Like