Jeff Bezos Sold $1.7 Billion Worth Of Amazon Shares In Two Days

Jeff Bezos

Jeff Bezos

AFP via Getty Images

Jeff Bezos, billionaire founder and CEO of Amazon, sold $1.74 billion worth of Amazon shares on January 31 and February 3, according to documents filed with the Securities and Exchange Commission. After taxes, the e-commerce tycoon will net an estimated $1.3 billion. 

Forbes now estimates Bezos’ net worth at $125.8 billion. 

It is unclear what Bezos sold the shares for, though the Amazon founder often sells at least $1 billion worth of his shares annually. In 2017, he told reporters at a space conference that he was selling $1 billion worth of his e-commerce company’s stock every year to fund Blue Origin, his space exploration company. 

His last large Amazon sell-off happened in July and August 2019, when he sold nearly $2.8 billion worth of Amazon shares (pre-tax) within five days. 

A spokesperson for Amazon declined to comment on the sales. 

Continue reading at Forbes