Jeff Bezos sells Amazon stock worth US$2.8 billion last week

REUTERS: Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded US$990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to US$2.8 billion.

In the last three days of July, Bezos has sold stock worth about US$1.8 billion, regulatory filings https://www.sec.gov/Archives/edgar/data/1018724/000101872419000083/xslF345X03/wf-form4_156504082729937.xml with the Securities and Exchange Commission showed.The move comes as part of a previously announced 10b5-1 trading plan. Bezos had previously said he plans to sell stock worth about US$1 billion each year to fund his rocket company, Blue Origin.

Bezos' former wife, Mackenzie Bezos, who currently owns Amazon stake worth more than US$37 billion, is now the online retailer's second largest individual shareholder.

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