Jeff Bezos to sell Amazon shares for more than $ 3 billion

Source: Heise.de added 05th Nov 2020

  • jeff-bezos-to-sell-amazon-shares-for-more-than-$-3-billion

Amazon CEO Jeff Bezos this week sold more than $ 3 billion worth of shares in his company, about 2.6 billion euros. That came out on Wednesday from mandatory reports to the US Securities and Exchange Commission. According to SEC data, Bezos has already cashed in Amazon shares worth over 10, 2 billion dollars this year.

Money for Blue Origin and Bezos Earth Fund 2019 Bezos had already sold Amazon shares for a total of 2.8 billion dollars. Selling shares on a large scale is not entirely new. Originally, he wanted to sell about $ 1 billion worth of stocks a year. Bezos uses the money, among other things, to finance his rocket start-up Blue Origin. He also seems to be fueling his “Bezos Earth Fund” with it. With its funds, Bezos supports the research work of scientists and the development of techniques to curb global warming. The fund also supports individual organizations and activists. b5-1 trading plan implemented. Amazon did not want to comment on the developments.

The 56 – year old Bezos founded Amazon 1994 and is still the largest single shareholder of the world’s largest internet retailer. With an estimated fortune of around 190 billion dollars, according to Forbes and Bloomberg Billionaires the richest person in the world. The shares of his approximately 53 million Amazon shares are 170 Worth billions of dollars. Amazon last had a market value of $ 1.6 trillion. Since the beginning of the year the share price has risen by over 75 percent. On Thursday morning the value of a paper was 2755 Euro.

(with material from the dpa) / (olb)

Read the full article at Heise.de

brands: Amazon  
media: Heise.de  
keywords: Amazon  Internet  

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