Jeff Bezos ‘aggressive’ again Tuesday selling more Amazon stock after unloading shares last week, sources say
Bezos may sell as many as 8 million to 10 million shares, which would amount to more than $1 billion worth of stock, the sources told Faber.
It comes after Bezos last week unloaded about $240 million worth of Amazon shares, according to financial filings. The transactions were marked as contributions to nonprofit organizations, the filing states.
It’s unclear who Bezos donated the shares to. A representative for Bezos didn’t immediately respond to a request for comment.
Bezos — who is the third-richest person in the world, with a net worth of around $170 billion, according to Bloomberg — still owns about 988 million Amazon shares, which amounts to a nearly 10% stake in the company.