Amazon CEO Jeff Bezos sold more than $1 billion worth of stock this week
Amazon CEO Jeff Bezos is officially the world’s richest person, but much of his obscene wealth — now standing at nearly $95 billion dollars according to the Bloomberg Billionaires Index — is tied up in his company’s stock. That means that, every once in a while, Bezos converts that stock to cash, noting the amount in a Form 4 filing with the US Securities and Exchange Commission.
This past week, starting on Wednesday and ending today, Bezos did another stock conversion. Yet this time, it was a bit different: for the first time, Bezos sold more than $1 billion in stock. Bezos has sold stock periodically over the last six years, typically amounting in the 900,000 to 1 million-share range. (Bezos still owns nearly 80 million shares). He…
