Amazon CEO Jeff Bezos
Alex Wong | beautiful images
Amazon CEO Jeff Bezos this week sold more than $ 3 billion worth of shares in his company, according to a filing with the Securities and Exchange Commission compiled by OpenInsider.
Bezos accelerated selling his stock last year. In August, Bezos sold more than $ 3.1billion of Amazon stock, after selling more than $ 4.1 billion worth of shares in February. This weekly sales brought his total cash in 2020 to more than $ 10.2 billion so far, a notable jump from 2019, when Bezos sold $ 2.8 billion. share.
Even with the latest stock sale, Bezos still owns more than 53 million shares worth nearly $ 170 billion, making him the richest man in the world.
Transactions performed as part of the pre-arranged 10b5-1 transaction plan, according to the profile. Amazon declined to comment on the latest sale.
Bezos previously said he sells about $ 1 billion of Amazon stock each year to fund his rocket startup, Blue Origin. Additionally, in February, the Amazon CEO launched a $ 10 billion Earth Fund to combat the effects of climate change, which will provide grants to scientists, activities and other organizations.
While Bezos has not yet announced the recipients of the fund, The Atlantic reported on Tuesday that Bezos is expected to give $ 100 million each to Nature Conservation, Environment Protection Fund, Council for the Defense of Natural Resources. and World Wildlife Fund.