NEW YORK - The numbers are eye-popping: One million Amazon.com shares offloaded for more than US$3.1 billion . And yet for the seller, Jeff Bezos, it barely puts a dent in his stake in the e-commerce giant.
For Mr Bezos, 56, this year has been a reversal from years of relative restraint in reducing his stake in Amazon. He still holds more than 54 million shares and is worth US$189.8 billion, according to the Bloomberg Billionaires Index. His net worth has surged by US$74.9 billion this year with Amazon stock rising 73 per cent.
"In the 19th century, we had the Robber Barons. In the 21st century, we've got the 'Cyber Barons,'" Representative Jamie Raskin, a Maryland Democrat, told the CEOs at the July 29 hearing."And we want to make sure that the extraordinary power and wealth that you've been able to amass is not used against the interests of democracy and human rights around the world and not against the free market at home.
The biggest hit to Mr Bezos's wealth was his divorce last year. His ex-wife MacKenzie Scott received a 4 per cent stake in Amazon as part of the split. Ms Scott, now worth US$61.6 billion, is the 13th-richest person in the world.
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