Billionaire Jeff Bezos sold almost 1 million Amazon shares worth $1.8 billion in late-July 2019, reducing his net worth to $115 billion. | Source: REUTERS / Katherine Taylor / File Photo
Amazon founder Jeff Bezos sold almost 1 million Amazon shares worth $1.8 billion in the last three days of July in three separate transactions. The sales reduced Bezos’ stake in Amazon to about $110 billion.
According to an SEC filing, Bezos sold 960,000 Amazon shares for $1,900 a share from July 29 to July 31 in three tranches. After the sales, Bezos still owns 58.1 million Amazon shares and remains the online retailer’s largest individual shareholder.
Jeff’s ex-wife, MacKenzie Bezos, is now Amazon’s second-largest individual stakeholder pursuant to the couple’s April 2019 divorce settlement. Under that agreement, MacKenzie took $35.6 billion in Amazon stock and left Jeff with 75% of their joint AMZN holdings, as well as voting control of her shares.
After her lucrative divorce, MacKenzie Bezos became the fourth-richest woman in the world. Not surprisingly, MacKenzie said she was “happy” with her settlement and was excited to start a new chapter in her life following the dissolution of her 25-year marriage.
— MacKenzie Bezos (@mackenziebezos) April 4, 2019
Bezos will sell $1 billion in Amazon stock every year to fund space company
The latest sale of 960,000 Amazon shares is Jeff Bezos’ first since October 2018, when he sold $33 million in AMZN.
The move is not a surprise.