Jeff Be­zos Sold $1.1 Bil­lion Worth of His Ama­zon Stock

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Ama­zon’s CEO Jeff Be­zos has re­cently sold 1 mil­lion shares in his com­pany. The sales be­gan shortly after a strong earn­ings re­port pushed Ama­zon’s stock up by more than 8%. Be­zos’s net worth surged above $90 bil­lion, once again mak­ing him the rich­est per­son in the world. Over the past year, Be­zos has jock­eyed for the top spot with Mi­crosoft founder Bill Gates.

Be­zos has sold large stakes in his own com­pany twice be­fore in re­cent years, but still owns about 16% of Ama­zon, which is now one of the five largest com­pa­nies in Amer­ica by mar­ket value.

Many see his sell­off of Ama­zon stock as a part of the same sort of di­ver­si­fi­ca­tion strat­egy a typ­i­cal in­vestor might pur­sue, since the com­pany is per­form­ing well.

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