Amazon.com Inc chief executive officer Jeff Bezos sold shares worth US$3.1 bil (RM13 bil) in the e-commerce company in recent days, regulatory filings showed.
The stock sale comes at a time when the company’s shares have surged more than 73% this year.
During the first two working days of August, Bezos sold 1 million shares as part of a previously announced trading plan, according to the filings.
Bezos, the world’s richest man, had said he planned to sell stock worth about US$1 bil each year to fund his rocket company, Blue Origin.
The latest share sale leaves him with 54.5 million shares worth roughly US$174.64 bil at the current market price. – Aug 6, 2020, Reuters
