For unexpected reasons Bezos sells 3 billion shares of Amazon

Get real time updates directly on you device, subscribe now.

Amazon CEO Jeff Bezos sold more than $ 3 billion of shares in his company this week, according to files from the Securities and Exchange Commission, compiled by OpenInsider, a website that monitors insider trading shares in real-time, according to the site said CNBC news specialist in business news and coverage of financial markets in real-time.

Bezos had accelerated the sale of his shares last year. In August, Bezos sold more than $ 3.1 billion of Amazon shares, after selling more than $ 4.1 billion of shares in February.

This week’s sales pushed his total money in 2020 to more than $ 10.2 billion so far, a remarkable jump from 2019, when Bezos sold $ 2.8 billion worth of shares.

Even with this recent stock sale, Bezos still owns more than 53 million shares worth $ 170 billion, making him the richest person globally.

Although Amazon declined to comment on this sale, according to the files of the Securities and Exchange Commission, according to CNBC, the transactions were made as part of a pre-arranged trading plan.

It is noteworthy that Bezos had previously said that he would sell nearly $ 1 billion of Amazon shares each year to finance his missile project, which is the space rocket company Blue Origin.

Last February, the CEO of Amazon launched what he called the “Earth Fund,” worth $ 10 billion to combat the effects of climate change, which will provide grants to scientists, activists, and other organizations.

While Bezos has not yet announced the names of the fund’s beneficiaries, the Atlantic newspaper reported last Tuesday that Bezos is expected to donate $ 100 million to each of the “Nature Conservancy” and “Nature Conservancy.” Environmental Defense Fund, Natural Resources Defense Council, and the World Wildlife Fund.

Source : websites