JEFF Bezos, Amazon.com CEO, sold shares worth US$3.1-billion in the e-commerce company on Wednesday.
The stock sale occurs at a time when the company’s shares have been boosted by more than 73% this year. Within the first two working days of August, Bezos sold a million shares as a fraction of a previously announced trading plan, according to the regulatory filings.
Bezos, the world’s richest man, had said he intended to sell stock worth about $1-billion each year to fund his rocket company, Blue Origin. The most recent share sale leaves him with 54.5 million shares worth approximately $174.6-billion at the current market price.
