Jeff Bezos Sells $1.8 Billion of Amazon Stock in 3 Days

Jeff Bezos Sells $1.8 Billion of Amazon Stock in 3 Days

Jeff Bezos has sold off $1.8 billion of Amazon stock in just three days last week. The sell-off equated to more than 900,000 shares owned by the Amazon CEO.

Bezos sold the shares in the final days of July. Based on dollar value, it appears to be largest sale that he has conducted in the history of Amazon.

In 2017, the Amazon CEO stated that he would sell $1 billion of Amazon stock to fund Blue Origin.

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Blue Origin is Bezos' space exploration company. With ex-wife MacKenzie, Bezos made a $2 billion pledge to assist homeless families and create schools through the "One Day Fund.". Bezos owns 58.1 million Amazon shares.