Home Buisness news Jeff Bezos Sells Amazon Shares Worth $3.1 Billion

Jeff Bezos Sells Amazon Shares Worth $3.1 Billion

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During the primary two working days of August too, Bezos offered 1 million shares

Amazon.com Inc Chief Executive Officer Jeff Bezos offered shares value $3.1 billion within the e-commerce firm in latest days, regulatory filings confirmed on Wednesday. The inventory sale comes at a time when the corporate’s shares have surged greater than 73 per cent this 12 months.

During the primary two working days of August, Bezos offered 1 million shares as a part of a beforehand introduced buying and selling plan, in line with the filings. Bezos, the world’s richest man, had stated he deliberate to promote inventory value about $1 billion every year to fund his rocket firm, Blue Origin.

The newest share sale leaves him with 54.5 million shares value roughly $174.64 billion on the present market value.

(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)

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