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World|business|February 7, 2020 / 02:00 PM
Jeff Bezos sold 800,000 Amazon shares for $1.7 billion

AKIPRESS.COM - Jeff Bezos, founder and CEO of Amazon, sold over 800,000 shares of Amazon for $1.65 billion on February 4 and February 5. After taxes, he will net $1.26 billion.

Less than two months into the new decade, Bezos, the richest man in the world, has sold $3.5 billion worth of Amazon shares (pre-tax), lowering his stake in his e-commerce giant to 11.2% ​from 11.6%, Forbes reports.

A representative for Amazon declined to comment on the latest sales.

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