Bezos sells Amazon stock for over $ 3 billion

November 4, 2020 Business



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Amazon CEO Jeff Bezos sold more than $ 3.0 billion in his company’s stock this week. This emerged Wednesday (local time) from mandatory notifications to the US Securities and Exchange Commission.

According to SEC data, Bezos has already grossed more than $ 10.2 billion worth of Amazon shares this year.

The 56-year-old entrepreneur founded Amazon in 1994 and is still the largest single shareholder in the largest internet retailer in the world. With an estimated fortune of around $ 190 billion, Bezos is the richest person in the world, according to Forbes and Bloomberg Billionaires. Amazon last had a market value of $ 1.6 trillion. Since the beginning of the year, the stock price has risen by more than 75 percent. (sda / dpa)

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