Jeff Bezos sells another $3bn Amazon shares bringing this years total to $10bn


Amazon’s chief executive Jeff Bezos has sold more than $3 billion worth of shares in his company, bringing the total this year to over $10 billion.

Bezos, the world’s richest man, sold around 1 million shares on Monday and Tuesday under a pre-arranged trading plan, according to the US Securities and Exchange Commission (SEC).

It comes just months after Bezos offloaded more than $3 billion of Amazon shares in August and a further $4.1 billion in February.

This brings his total sell of this year to $10.2 billion, or roughly the annual GDP of Rwanda or Namibia, significantly more than the $2.8 billion he sold off last year.

READ MORE: Amazon’s Jeff Bezos made $13bn yesterday in the largest single-day rise in personal wealth on record

Despite this Bezos still owns roughly 53 million shares in Amazon, which went public in 1997, representing a 10 per cent.

Amazon is now worth more than $1.6 trillion after its shares skyrocketed 75 per cent throughout 2020.

According to the Bloomberg Billionaires Index, Bezos’ net worth has increased $76.1 billion to $191 billion this year, the equivalent of New Zealand’s GDP.

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