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Business News/ Companies / Jeff Bezos sells $1.1 billion Amazon shares with stock at record
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Jeff Bezos sells $1.1 billion Amazon shares with stock at record

Jeff Bezos sells $1.1 billion Amazon shares for $1.1 billion. The sale represents 1.3% of his holding, leaves 16.4% stake in the retailer with him

Jeff Bezos, founder and CEO of Amazon. Photo: Hemant Mishra/MintPremium
Jeff Bezos, founder and CEO of Amazon. Photo: Hemant Mishra/Mint

New York: Jeff Bezos sold a million Amazon.com Inc. shares this week for $1.1 billion, according to a US securities filing on Friday. The sale represented 1.3% of his holding and leaves Bezos with a 16.4% stake in the retailer.

The world’s richest man said in April he would sell $1 billion a year in Amazon stock to fund Blue Origin LLC, the rocket company fuelling his dream of sending people into space. He had already sold another batch of a million shares in May. Bloomberg

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Published: 04 Nov 2017, 09:01 AM IST
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