Jeff Bezos sells Amazon stock worth 190 billion yen

by James Duncan Davidson

It turns out that Amazon's CEO Jeff Bezos has sold $ 1.8 billion worth of Amazon shares he owns.


Jeff Bezos sells $ 1.8 billion worth of Amazon stock in three days

Mr Bezos has sold $ 1.8 billion worth of Amazon shares in his three days from July 29, 2019, according to documents submitted to the US Securities and Exchange Commission (SEC) . The Amazon shares sold by Bezos are 950,000, equivalent to 0.2% of the issued shares of Amazon, and will be worth about $ 1.8 billion when calculated at the closing price on July 31 (about $ 1,900 per share). Bezos still owns 58.1 million shares of Amazon.

Bezos sold his Amazon shares for the first time since October 2018. News Media's CNBC reports that 'the only time in the history of Amazon has such a large number of shares sold in such a short period of time'.

'We plan to sell about $ 1 billion (about 110 billion yen) of Amazon shares each year' to fund the space development company ' Blue Origin ' that we operate, Mr. Bezos told reporters in 2017 I told you. Therefore, the purpose of the sale of shares is considered to be funding for Blue Origin.

Bezos says 'We will use the wealth we built on Amazon for the realization of the space travel business'-GIGAZINE

When Bezos divorced Mrs. McKenzie Bezos in July 2019, he transferred 4% of the Amazon shares. Still, it was reported that it held 12% of Amazon stocks worth $ 11.48 billion (about ¥ 12 trillion), but it seems to be that it has sold $ 1.8 billion worth out of this.

in Note, Posted by logu_ii