Jeff Bezos Unloads Another $990 Million Worth Of Amazon Shares In Early August

Amazon founder and CEO Jeff Bezos sold over 530,000 Amazon shares in the first two days of August for $990 million. After taxes, he will net an estimated $750 million in cash from the sales. in the final three days of JulyAs the richest man on earth, Bezos is now worth an estimated $110.1 billion, using Monday’s closing share price for Amazon.

A spokesman for Amazon has not commented on the purpose for Bezos’ last stock sales. The leading theory is that it is to fund Blue Origin, a space exploration company that Bezos founded in September 2000. Bezos told journalists at a space exploration conference in 2017 that he was funding Blue Origin by selling some of his Amazon shares.

According to documents filed on Monday afternoon with the Securities and Exchange Commission, the world’s richest man sold over 530,000 shares of Amazon when the stock price was around $1,900 a share. On Monday, the stock closed at $1,765 a share.

What with the reveals about Amazon providing technology to ICE & 'harboring' 8chan, this is an unsurprising -- yet telling -- story.

This stock market and this economy is about to tank. Plan accordingly!!!

Why would he pay so much for his divorce settlement?

By the stocks tumbling alittle and by selling for 1900 a ashare rather then 1765 when it dropped. Most famous stars have to work 50 concerts or 15 movies to make that...he made100 mill by doing that. Im sure he doesn't need it but who would want to lose 100 million. I wouldnt.

He betrays everyone later.....

Suspicious

The man is cashing it out!

Bless him

JeffBezos pay Trump to leave office? Just a thought...

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