Jeff Bezos unloads over 3M Amazon shares worth | Business

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Jeff Bezos unloads over 3M Amazon shares worth – Business News

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Amazon founder and govt chair Jeff Bezos bought shares worth virtually $737 million within the e-commerce giant in late June, in response to a regulatory submitting on Tuesday.

Bezos, who based Amazon in 1994, bought 3.3 million shares for $736.7 million, after adopting a 10b5-1 trading plan in March, confirmed the submitting, made after the market closed.

Jeff Bezos, who married Lauren Sanchez on Friday, bought 3.3 million shares for $736.7 million, after adopting a 10b5-1 trading plan in March, a submitting confirmed. REUTERS

After the sale, Bezos will own about 905 million Amazon shares. He bought stock worth virtually $5 billion final yr.

Bezos married journalist Lauren Sanchez on Friday night during a star-studded marriage ceremony extravaganza in Venice. He is ranked the fourth-richest particular person on this planet with a web worth of $234.4 billion, in response to Forbes.

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