Jeff Bezos sells $1.1 billion Amazon shares with stock at record


New York: Jeff Bezos sold a million Inc. shares this week for $1.1 billion, according to a US securities filing on Friday. The sale represented 1.3% of his holding and leaves Bezos with a 16.4% stake in the retailer.

The world’s richest man said in April he would sell $1 billion a year in Amazon stock to fund Blue Origin LLC, the rocket company fuelling his dream of sending people into space. He had already sold another batch of a million shares in May.