New filings show that the Amazon founder and CEO unloaded slightly more than 900,000 shares. The documents also indicate that the richest man on Earth has transferred 25% of his Amazon stake to his ex-wife as a part of their divorce settlement.
On Wednesday evening, hours after the stock markets had closed, Amazon founder and chief executive Jeff Bezos filed paperwork with the Securities Exchange Commission which showed he had sold $1.8 billion worth of Amazon shares over the final three days of July. After taxes, he will net about $1.4 billion.
Bezos sold slightly more than 900,000 shares of Amazon between July 29 and July 31, when the e-commerce behometh’s stock price was around $1,900 a share. His net worth is now $115 billion, using Wednesday's closing share price.The new filings also show that Bezos has given his ex-wife MacKenzie 25% of his Amazon stake, or 19.7 million shares. Jeff Bezos will continue to exercise voting control over the 19.
Jeff Bezos has sold large chunks of Amazon stock before, but this appears to be the largest sale, measured in dollars. Bezos sold Amazon stock worth $1.7 billion in 2017 in two separate transactions in May and November of that year. It was reported that Bezos planned to sell $1 billion worth of stock every year to fund Blue Origin, his space exploration company.
A spokesman for Amazon has not responded to requests for comment regarding the purpose of Bezos’ latest stock sale. Bezos has done little in terms of philanthropy so far. In September 2018, he announced the Bezos Day One Fund, a $2 billion pledge for two causes: helping homeless families find shelter and creating Montessori-inspired preschools in the U.S.
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