Amazon’s CEO Jeff Bezos sold a million shares of his company for $1.1 billion. Amazon’s stock price hit all-time high.
Recently, the shares of the online retailer have shown incredible dynamics.
The sale of a million shares leaves Bezos with the same 16.4% stake in the company. Back in May, he had already sold another batch of a million shares. It is not reported what the funds will be spent on, but the billionaire has been actively investing in Blue Origin, Bezos’ private spaceflight company.