Amazon CEO Jeff Bezos sold quite $ 3 billion of shares in his company on, in keeping with files from the Securities and Exchange Commission, compiled by OpenInsider, an internet site that monitors trading shares in Real-time, in line with CNBC, a news site specializing in news and coverage of economic markets in real-time.
Bezos had accelerated the sale of his shares last year. In August Bezos sold quite $ 3.1 billion of Amazon shares, after selling quite $ 4.1 billion of shares in February.
This week’s sales pushed his total money in 2020 to over $ 10.2 billion thus far, a noteworthy jump from 2019, when Bezos sold $ 2.8 billion worth of shares.
Even with this recent stock sale, Bezos still owns quite 53 million shares worth $ 170 billion, making him the richest person in the world.
Although Amazon declined to touch upon this sale, per the files of the Securities and Exchange Commission, in line with CNBC, the transactions were made as a part of a pre-arranged trading plan.
It is noteworthy that Bezos had previously said that he would sell nearly $ 1 billion of Amazon shares every year to finance his missile project, which is that the rocket company Blue Origin.
Also, last February, the CEO of Amazon launched what he called the “Earth Fund”, worth $ 10 billion, to combat the consequences of global climate change, which can provide grants to scientists, activists, and other organizations.
While Bezos has not yet announced the names of the beneficiaries of the fund, the Atlantic newspaper reported last Tuesday that Bezos is anticipated to donate $ 100 million to every of the “Nature Conservancy” and “Nature Conservancy”. Environmental Defense Fund, Natural Resources Defense Council, and therefore the World Wildlife Fund.