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>>> Jeff Bezos Sells $1.1 Billion Amazon Shares With Stock at Record



Tom Metcalf

Bloomberg

November 03, 2017



https://finance.yahoo.com/news/jeff-bezos-sells-1-1-224857796.html



Jeff Bezos Sells $1.1 Billion Amazon Shares With Stock at Record

Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, smiles during the 32nd Space Symposium in Colorado Springs, Colorado, U.S., on Tuesday, April 12, 2016. Commercial space exploration can advance at the fast pace of Internet commerce only if the cost is reduced through advances in reusable rockets, Bezos said.

Jeff Bezos sold a million Amazon.com Inc. shares this week for $1.1 billion, according to a U.S. securities filing on Friday. The sale represented 1.3 percent of his holding and leaves Bezos with a 16.4 percent stake in the retailer.

The world’s richest man said in April he would sell $1 billion a year in Amazon stock to fund Blue Origin LLC, the rocket company fueling his dream of sending people into space. He had already sold another batch of a million shares in May.

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