From CNN
Amazon CEO Jeff Bezos, the newly minted richest person in the world, just sold more than $1 billion worth of his stock. The sale was made public in a filing posted Friday. In total, Bezos let go of one million shares for $1,097,803,365. Exactly how Bezos plans to spend those Benjamins wasn't clear. But it isn't unprecedented for him to sell such a large chunk. In May, he sold more than a million shares. A similar sale was executed in August 2016.Read more:Even after his most recent sell off, Bezos still personally owns about a 16% of Amazon, which he founded in 1994.
Bezos's large ownership stake helped vault him past Microsoft co-founder Bill Gates as the richest person in the world, according to the Bloomberg Billionaire's Index.
Knowing that it's going to help fund a space program I feel a little better about my Amazon shopping sprees. Hmmm maybe I should celebrate this by ordering a prime free-shipping one day fidget spinner!
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