Jeff Bezos' Sales of Amazon Stock Reach $3.45 Billion in a Week

Jeff Bezos' Sales of Amazon Stock Reach $3.45 Billion in a Week

Jeff Bezos' Sales of Amazon Stock Reach $3.45 Billion in a Week

Bezos net worth stands at roughly $126 billion, with nearly $117 billion of that still represented by Amazon stock. He sold more than $500 million in shares on February 7, the report noted, adding that the deal was prearranged.

Last week Jeff Bezos sold a total of 1.7 million shares of his Amazon stockholdings, worth some $3.45 billion.

Amazon CEO Jeff Bezos has sold over $ 4 billion worth of Amazon shares in the past few days. The CNBC channel reported that such high share sales are part of a pre-arranged commercial plan.

Digital Trends reached out to Amazon to comment on the stock share transactions. The rocket builder has since expanded operations and signalled its first human test flights this year.

Bezos has also been on a spending spree.

He was seen walking through the previews at Sotheby's in November and reportedly set a record for artist Ed Ruscha at a Christie's auction the same month with a $52.5 million purchase of "Hurting the Word Radio #2". Bezos, 56, said in 2017 that he was selling about $1 billion a year in Amazon stock to fund Blue Origin LLC, his space flight company.

According to Page 6, Michael describes Lauren as Bezos' "fiancee" in his suit, which he submitted recently in Los Angeles Superior Court.

Amazon.com stock (AMZN) was at $2,079, up $29 or 1.4%, early Friday. On Friday and Monday, Bezos had managed to sell a total of 900,000 shares worth around United States dollars 1.8 billion followed by another 800,000 shares on Tuesday and Wednesday worth USD 1.7 billion.

Reports of Bezos's stock sell came after Amazon asked a federal court Monday to force President Donald Trump to testify about the Department of Defense's decision to award a major Pentagon project to one of his the company's biggest competitors, Microsoft. We hope that we have succeeded by giving you the full details and information.

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