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Jeff Bezos sells US$1.1b Amazon shares with stock at record
[NEW YORK] Jeff Bezos sold a million Amazon.com Inc shares this week for US$1.1 billion, according to a US securities filing on Friday. The sale represented 1.3 per cent of his holding and leaves Mr Bezos with a 16.4 per cent stake in the retailer.
The world's richest man said in April he would sell US$1 billion a year in Amazon stock to fund Blue Origin LLC, the rocket company fueling his dream of sending people into space. He had already sold another batch of a million shares in May.