(Reuters) -Amazon founder and executive chair Jeff Bezos sold shares worth almost $737 million in the e-commerce giant in late June, according to a regulatory filing on Tuesday. Bezos, who founded Amazon in 1994, sold 3.3 million shares for $736.7 million, after adopting a 10b5-1 trading plan in March, showed the filing, made after the […]
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Jeff Bezos sold Amazon shares worth about $737 million in June
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(Reuters) -Amazon founder and executive chair Jeff Bezos sold shares worth almost $737 million in the e-commerce giant in late June, according to a regulatory filing on Tuesday.
Bezos, who founded Amazon in 1994, sold 3.3 million shares for $736.7 million, after adopting a 10b5-1 trading plan in March, showed the filing, made after the market closed.
After the sale, Bezos will own about 905 million Amazon shares. He sold stock worth almost $5 billion last year.
Bezos married journalist Lauren Sanchez on Friday evening during a star-studded wedding extravaganza in Venice. He is ranked the fourth-richest person in the world with a net worth of $234.4 billion, according to Forbes.
(Reporting by Juby Babu in Mexico City; Editing by Alan Barona)