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.