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Bezos Sells More Amazon Stock to Take Proceeds to $2.8 Billion

Bezos disposed of 532,120 shares on Thursday and Friday after selling nearly a million shares earlier in the week.

Bezos Sells More Amazon Stock to Take Proceeds to $2.8 Billion
Jeff Bezos, founder and chief executive officer of Amazon.com Inc. (Photographer: Andrew Harrer/Bloomberg)

(Bloomberg) -- Jeff Bezos sold an additional $1 billion worth of Amazon.com Inc. shares last week, shortly after cashing in $1.8 billion, stock exchange filings show.

He disposed of 532,120 shares on Thursday and Friday after selling nearly a million shares earlier in the week.

While last week’s disposals were his only sales of 2019, they were enough to make it his biggest-ever year of selling stock. Bezos sold $33 million worth of stock in 2018 and $2 billion in 2017. He still owns a 12% stake in Amazon, valued at about $100 billion.

To contact the reporter on this story: Tom Metcalf in London at tmetcalf7@bloomberg.net

To contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Marion Dakers, Keith Campbell

©2019 Bloomberg L.P.