Bezos sells Amazon stake worth $1.9 billion


© Reuters. Founder, Chairman, CEO and President of Amazon Jeff Bezos unveils his space company Blue Origin’s space exploration lunar lander rocket called Blue Moon during an unveiling event in Washington

(Reuters) – Amazon.com Inc (NASDAQ:) Chief Executive Officer Jeff Bezos offloaded stake worth $1.9 billion (1.45 billion pounds) in recent days, according to a regulatory filing on Wednesday.

During the first two working days of August, Bezos sold over 600,000 shares as part of a previously announced trading plan, leaving him with 54.9 million shares worth roughly $176 billion at current market prices.

Bezos, the world’s richest man, has said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.

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