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HomeMoneyBezos sells $3.3 billion Amazon shares this week

Bezos sells $3.3 billion Amazon shares this week

The founder of the world's largest retailer now owns less than 10% of the company for the first time

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Last week Amazon founder Jeff Bezos sold US$3.3 billion worth of his shares in the company.

That brings the total value of Amazon shares he has sold this year to US$9.9 billion.

Bezos sells $3.3 billion Amazon shares news

Bezos’ stake in the company has dropped from a high of 42% in 1997 to just under 10% today.

The speculation is the sell-off is motivated by a desire on Bezos’ part to devote more time and energy to other projects, including his Earth Fund and Blue Origin.

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