Bezos just took his first post-COVID (stock) dump — and it’s worth $3.1B
Thursday, 6 August 2020 Amazon‘s Jeff Bezos unloaded $3.1 billion worth of company stock earlier this week, representing a little less than 2% of his personal stake in the ecommerce giant. Bezos‘ August dumps, which were all made as part of a pre-determined trading plan lodged with the SEC, brings the total value of the billionaire chief exec’s $AMZN sales to a jaw-clenching $7.2 billion. In total, Bezos sold 1 million shares, and while the price varied, he generally got around $3,130 per share. While company execs getting rid their own stocks is common practice, Bezos now accounts for more than 98% of the stock sold by…
Amazon CEO Jeff Bezos sold more than $3.1 billion worth of his company's stock between Monday and Tuesday.
Business Insider reports the two-day selling spree surpassed the $2.8 billion worth of Amazon..