Jezz Bezoz sells 990 million Inc’s shares, makes $2.8 billion

Jeff Bezoz had earlier stated, he would be selling stock every year to fund Blue Origin.

As of last Friday, Inc’s Chief Executive Officer Jeff Bezos has sold $990 million worth of shares in the company and made a total of $2.8 billion.

According to a regulatory filing with the Securities and Exchange Commission, in the last three days of July, Bezos had sold shares worth around $1.8 billion.

Amazon declined to comment on Bezos’ sale of Inc’s shares.

Previously, Bezos had said he plans to sell stock worth about $1 billion each year to fund Blue Origin, his space touring company.

Mackenzie Bezos, Bezos’ former wife, currently owns Amazon stock worth more than $37 billion.

She is Inc’s second largest individual shareholder.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

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