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Jeff Bezos sells $3.5bn of Amazon shares in a week

Amazon founder Jeff Bezos has sold almost $3.5bn worth of shares in the company over the course of the past week. Previously Mr Bezos, who according to Bloomberg’s Billionaires Index remains the richest man in the world, said he planned to sell his Amazon stock in order to fund his space exploration company, Blue Origin. “The only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel,” said Mr Bezos in 2018, speaking to Axel Springer chief executive Mathias Döpfner at an event in Berlin. Read More...

Amazon founder Jeff Bezos has sold almost $3.5bn worth of shares in the company over the course of the past week. Previously Mr Bezos, who according to Bloomberg’s Billionaires Index remains the richest man in the world, said he planned to sell his Amazon stock in order to fund his space exploration company, Blue Origin. “The only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel,” said Mr Bezos in 2018, speaking to Axel Springer chief executive Mathias Döpfner at an event in Berlin.

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