The world’s second-richest person sold a total of 391,550 shares under a pre-established trading plan, according to Securities and Exchange Commission documents.
Jeff Bezos sold $ 1.3 billion worth of Amazon.com Inc. shares on Friday, adding the latter to a sale of about $ 2 billion earlier this week.
The world’s second-richest person sold a total of 391,550 shares under a pre-established trading plan, according to Securities and Exchange Commission documents. The latest sale brings the value of Amazon.com stock it sold this year to $ 9.9 billion.
Jeff Bezos, who is worth $ 202.4 billion according to the Bloomberg Billionaires Index, has funded his private rocket company Blue Origin and, more recently, his philanthropy, using part of his fortune in Amazon. It currently owns about 10% of the online retail giant.
The first round of sales this week came after the billionaire pledged to contribute the same amount, $ 2 billion, to his Bezos Earth Fund’s efforts to restore nature and transform food systems . Bezos created the fund last year and said it would start with $ 10 billion in funding.
On July 5, the Amazon founder stepped down as CEO and handed over the reins to Andy Jassy, former head of Amazon’s cloud computing business.
Since his resignation, Jeff Bezos’s wealth has only grown, topping the roughly $ 180 billion at the time as Amazon shares continue to climb.