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Billionaire Jeff Bezos Sells Over $4 Billion In Amazon Stock


Added 02-11-20 06:08:02pm EST - “Bezos sold a giant chunk of Amazon stock recently as he continues his fight against the Trump administration.” - Dailycaller.com

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Posted By TheNewsCommenter: From Dailycaller.com: “Billionaire Jeff Bezos Sells Over $4 Billion In Amazon Stock”. Below is an excerpt from the article.

Tech titan Jeff Bezos sold a giant chunk of Amazon stock recently after telling reporters three years ago that he sells around $1 billion of stock a year to prop up his space company.

Bezos sold over $4 billion in the online company’s stock over the past 11 days, CNBC reported Tuesday, citing Securities and Exchange Commission (SEC) filings. He sold more than $500 million in shares on Feb. 7, the report noted, adding that the deal was prearranged.

The billionaire CEO told reporters in April 2017 that he sells about $1 billion in Amazon stock per year to finance Blue Origin, a space exploration company. (RELATED: Amazon CEO Jeff Bezos Is On Track In 2019 To Lose More Money Than Anyone Else On Earth)

“My business model right now … for Blue Origin is I sell about $1 billion of Amazon stock a year and I use it to invest in Blue Origin,” Bezos told reporters at the annual U.S. Space Symposium in Colorado at the time. “It’s a long road to get there and I’m happy to invest in it.”

The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. REUTERS/File Photos/File Photo

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