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Amazon founder and executive chair Jeff Bezos sold shares worth almost $737 million in the e-commerce giant in late June, according to a regulatory filing.
Bezos, who founded Amazon in 1994, sold 3.3 million shares for $736.7 million, after adopting a 10b5-1 trading plan in March, showed the Tuesday filing, made after the market closed.
After the sale, Bezos will own about 905 million Amazon shares. He sold stock worth almost $5 billion last year.
Bezos, 61, married journalist Lauren Sanchez on Friday evening during a star-studded wedding extravaganza in Venice.
He is ranked the fourth-richest person in the world with a net worth of $234.4 billion, according to Forbes.
Bezos routinely uses 10b5-1 trading plans, selling 75 million shares last year for a total of $13.6 billion.
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Author: Dillon B
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