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Jeff Bezos sold $1.8 billion worth of shares in 3 days

In the last three days of July, Amazon CEO, and founder has sold 1.8 billion dollars worth of shares. Even after selling around 900,000 shares, Jeff Bezos still holds the position of the richest man in the world with a net worth of 116 billion. This was the highest number of shares Amazon had sold so far, in 2017, Jeff sold around 1.7 billion dollars worth of shares in two transactions, one in May and another in November. A couple of years ago, it was reported that Bezos is selling worth a billion dollars shares annually to fund his space program. Purpose of this transaction so far is unclear as no one from the company has issued a statement yet.

Jeff Bezos, MacKenzie

Earlier Jef Bezos and his wife MacKenzie Bezos announced their divorce after 25 years of marriage, which resulted in Jeff giving 25% of stake of Amazon to her in the settlement. Earlier this month it was disclosed that MacKenzie now owns 38 billion dollars worth of shares, making her 3rd richest woman on earth. At the current stock price, Amazon’s shares are valued at around 108 billion dollars. After Bezos sold the shares on Wednesday, the price of Amazon’s shares fell by 0.6%.

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