Jeff Bezos Cashes out, Over $3 Billion, in Amazon Shares.
According to recent filings with
the Securities and Exchange Commission.
the Amazon CEO offloaded more than
$3 billion worth of shares this week. .
Bezos previously sold more than
$4.1 billion worth in February and
more than $3.1 billion worth in August. .
His total cash-out in 2020 is now
more than $10.2 billion so far. .
That’s a notable jump from 2019,
during which he only sold $2.8 billion
worth of Amazon shares. .
Bezos still owns more than 53 million shares
of Amazon, which are valued at nearly $170 billion.
Bezos has previously said that
he sells Amazon stock to fund
his rocket start-up, Blue Origin. .
In addition, the funds are likely going
toward the $10 billion Earth Fund he
launched in February 2020.
The fund issues grants to scientists,
activists and organizations that are
working to fight climate change.
