Jeff Bezos Sells Third Batch Of Amazon Shares In A Week

Amazo

AMZN
n founder Jeff Bezos sold another batch of Amazon stock on Friday and Monday, the third time in a week the outgoing executive has cashed out some of his Amazon shares in a selling spree that has netted him $5.1 billion after taxes since Monday May 3, Forbes estimates.

According to the Securities and Exchange Commission, Bezos sold 522,000 Amazon shares worth $1.7 billion on Friday and Monday. After taxes, Bezos will take home $1.3 billion, Forbes estimates. That only puts a slight dent in his net worth, which went down to $187.1 billion from $187.5 billion after the transactions. He remains the richest person in the world. 

Last week, Bezos sold another $4.9 billion worth of Amazon shares in his first stock sales of 2021, which isn’t out of the ordinary, considering he sold $10 billion worth of stock last…

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