• Jeff Bezos sells over $3.1bn in Amazon shares

    Jeff Bezos sells over $3.1bn in Amazon shares

    Published Date : 06-Aug-2020 3:28:39 IST

    Amazon Founder and CEO Jeff Bezos has sold over $3.1 billion worth of the company’s shares this week, according to documents filed with the US Securities and Exchange Commission (SEC). Following tax deductions, the world’s richest man will take home an estimated $2.4 billion. The latest share sales, which bring the Amazon CEO’s total cash out in 2020 to a little over $7.2 billion so far, were part of a prearranged 10b5-1 trading plan, CNBC reported. The Amazon CEO still holds more than 54 million shares.

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