Jeff Bezos Raises $3.3 Billion by Selling Amazon Stock This Week

(Bloomberg) -- Jeff Bezos sold Amazon.com Inc. stock worth $1.3 billion on Friday, adding to sales of about $2 billion earlier this week.

The world’s second-richest person sold a total of 391,550 shares under a pre-arranged trading plan, according to Securities and Exchange Commission filings. The latest sale brings the value of Amazon.com stock he has sold this year to $9.9 billion. 

Bezos, who is worth $202.4 billion, according to the Bloomberg Billionaires Index, has funded his private rocket company Blue Origin, and more recently his philanthropy, using part of his Amazon fortune. He owns about 10% of the online retailing giant.

The earlier round of sales this week came after he had pledged the same amount -- $2 billion -- for efforts by his Bezos Earth Fund to restore nature and transform food systems. He created it last year and said it would begin with $10 billion in funding. 

The Amazon founder stepped down as chief executive officer on July 5, handing the reins to Andy Jassy, former head of Amazon’s cloud computing business. 

Bezos’ wealth has only grown since stepping down, rising from roughly $180 billion at the time as Amazon’s stock continues to increase.

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