Amid Election Chaos, Jeff Bezos Sells $3 Billion Worth Of Amazon Shares
Jeff Bezos sold about 1.8% of his $3 billion stake in Amazon during the election. He’s still the richest person in the world with a net worth of $189.6 billion\nFollow us on:\n\nWebsite\nhttps://www.forbesmiddleeast.com/\n\nInstagram:\nhttps://www.instagram.com/forbesmiddleeast\n\nTwitter:\nhttps://twitter.com/forbesme\n\nFacebook:\nhttps://www.facebook.com/forbes.ME/\n\nLinkedIn\nhttps://www.linkedin.com/company/forbesmiddleeast\n\n#ForbesMiddleEast
Bezos sold over $ 3 billion worth of Amazon shares
Amazon CEO Jeff Bezos sold more than $ 3.1 billion in shares of his company this week, according to filings submitted to the Securities and Exchange Commission..
The sales were part of a pre-prepared sales plan. Earlier this year Jeff Bezos sold more than $ 4.1 billion of the company’s shares. As a result of the sale its total revenue in 2020 was just over $ 7.2 billion this week. He still owns over 54 million shares worth over $ 170 billion, making him the richest man in the world..
By comparison, Bezos sold $ 2.8 billion worth of shares in 2019. Bezos previously announced that he would sell Amazon shares worth about $ 1 billion to fund its space company Blue Origin.
Amazon did not comment quickly on the latest sale.
The event comes a week after Bezos testified to the House of Representatives’ antitrust committee, which is concerned about the growing power of large tech companies..
Bezos Speaks Before Congressmen Along With Facebook CEO Mark Zuckerberg, CEO of Apple Tim Cook and Sundar Pichai, CEO of Alphabet, Google’s parent company.
Amazon also reported second-quarter results last week that exceeded analyst expectations after the coronavirus pandemic helped the online sales sector..
Amazon shares jump 73% year-over-year, including 2.1% higher on Wednesday.