Bezos sells more than 3 3 billion worth of Amazon shares

Amazon CEO Jeff Bezos has sold more than billion 3 billion worth of shares in his company this week, According to the filing Compiled by the Securities and Exchange Commission OpenInsider.

Bezos boosted sales of its shares last year. In August Gust, Bezos Offloaded Amazon sells over ૧ 1 billion worth of shares. Amazon sells over 1 billion worth of shares. In February. Its sales this week bring its total cash outflow to more than 2 10.2 billion so far in 2020, a significant jump from 2019 when Bezos sold $ 2.8 billion worth of shares.

Even with the latest stock sales, Bezos still owns more than 53 million shares worth about $ 170 billion, making him the richest man in the world.

According to the filings, the transactions were made as part of a pre-arranged 10B5-1 trading plan. Amazon declined to comment on the latest sale.

Bezos has previously stated that it sells 1 1 billion in Amazon stock each year to fund rocket start-up Blue Origin. In addition, the CEO of Amazon in February Start A ભ 10 billion global fund to combat the effects of climate change, which will provide grants to scientists, activists and other organizations.

While Bezos has not yet announced the recipients, Atlantic The Bezos Nature Conservancy, the Environmental Protection Fund, the Natural Resources Defense Council and the World Wildlife Fund are expected to provide 100 million each, the report said on Tuesday.