Amazon founder and CEO Jeff Bezos sold a second tranche of $ 2.4 billion in Amazon stocks on Friday, raising the amount he offloaded this week to nearly $ 5 billion.
Kyiv. Ukraine. Ukraine Gate – May 9, 2021 – Entrepreneurs
Bezos sold 739,032 shares under a pre-arranged trading plan, according to US Securities and Exchange Commission filings, days after he dumped a similar amount. Earlier this week, he said in a dossier that it plans to sell up to 2 million shares.
It’s his second major disposal of the year after offloading more than $ 10 billion in equity in 2020.
Bezos sold about 739,000 shares on Wednesday under a pre-arranged trading plan, according to SEC files.
In the fifteen years after Amazon.com went public in 1997, Bezos sold nearly a fifth of online retailers for nearly $ 2 billion. The value of his stake has ballooned in recent years to the point where he can now sell relatively small quantities for billions of dollars.
Amazon stock hasn’t changed much this year after rising 76 percent in 2020 as the Covid-19 pandemic kept people away from physical stores and encouraged online shopping.
Bezos used the stock sales to fund rocket company Blue Origin while allocating $ 10 billion to the “Bezos Earth Fund” to help counter the effects of climate change.
On Wednesday, the missile manufacturer said it had set July 20 for its first mission to take people into space and was planning to sell a single seat in the New Shepherd rocket.
Mr. Bezos would have been richer had he not been divorced than Mackenzie Scott. It took a 4 percent stake in Amazon as part of the split and quickly became one of the world’s most important philanthropists.
Read also: Jeff Bezos Sells Amazon Shares for Nearly $2 Billion
Source: Ukrgate
