Jeff Bezos ‘sells more than $3BILLION in Amazon shares THIS WEEK’
JEFF Bezos sold one million Amazon shares this week worth more than $3.1billion, according to Securities and Exchange Commission filings.
The filings were disclosed on Wednesday, according to Bloomberg News.
The sale of his Amazon shares follows a $4.1billion share sale in January and February of this year.
Bezos — whose net worth is $189.5billion — still holds more than 54million shares in the company he founded in 1995.
The shares that were sold were made as part of a prearranged 10b5-1 trading plan, CNBC reported.
In 2019, Bezos sold $2.8billion worth of shares, and has said in the past that he's selling roughly $1billion worth of stock every year to fund Blue Origin, his space company.
The 54million shares the 56-year-old still owns are worth more than $170billion.
Bezos is among the richest people in the world and recently started donating money to other causes.
In February, he announced he plans to spend $10million of his own money to fight climate change.
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He said by this summer he would be giving his money to scientists, activists, and nonprofits working.
“I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change,” Bezos wrote in an Instagram post at the time.
In 2018, Bezos started another fund, committing $2billion of his own money to open preschools in low-income neighborhoods and to give money to nonprofits that help homeless families.