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    Home»Sections»E-commerce»Bezos sells Amazon shares worth $3.1-billion

    Bezos sells Amazon shares worth $3.1-billion

    E-commerce By Agency Staff6 August 2020
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    Jeff Bezos

    Amazon.com CEO Jeff Bezos sold shares worth US$3.1-billion in the e-commerce company in recent days, regulatory filings showed on Wednesday.

    The stock sale comes at a time when the company’s shares have surged more than 73% this year.

    During the first two working days of August, Bezos sold a million shares as part of a previously announced trading plan, according to the filings.

    Bezos, the world’s richest man, had said he planned to sell stock worth about $1-billion each year to fund his rocket company, Blue Origin.

    The latest share sale leaves him with 54.5 million shares worth roughly $174.6-billion at the current market price.  — Reported by Munsif Vengattil and Akanksha Rana, (c) 2020 Reuters

    Amazon Blue Origin Jeff Bezos
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