Jeff Bezos sold 2.0m shares for $4.1bn last week

14 Février, 2020, 00:49 | Auteur: Auguste Feret
  • Jeff Bezos unloads $4b of Amazon stock in a week

Are Amazon creator Jeff Bezos and his sweetheart Lauren Sanchez engaged? A couple years ago Bezos said he would sell at least $1 billion in Amazon stock a year to fund Blue Origin, his private space company, but this week's transactions were the largest he's made yet.

Tech titan Jeff Bezos sold a giant chunk of Amazon stock recently after telling reporters three years ago that he sells around $1 billion of stock a year to prop up his space company.

The scale of his stock sales - including $2 billion in 2017 and $2.8 billion in 2019 - partly reflects Amazon's soaring valuation, which surpassed $1 trillion at the close of trading for the first time on Tuesday.

An Amazon spokesman declined to comment. The rocket builder has since expanded operations and signaled its first human test flights this year.

Jeff Bezos unloads $4b of Amazon stock in a week

Bezos also has been on a shopping spree for art. He was seen walking through the previews at Sotheby's in November. Bezos also bought "Vignette 19" by Kerry James Marshall for $18.5-million at Sotheby's, more than doubling its high estimate.

According to Page Six, Michael refers to Lauren as Bezos' "fiancee" in his lawsuit, which he filed last week in Los Angeles Superior Court. Amazon had reported postive Q4 earnings easily leaving the Wall Street expectations behind that saw the company's stock skyrocket again beyond the Dollars 1 trillion mark.

In an interview with CNBC in 2017, Bezos made the following statements on the subject: "My business model for Blue Origin is to invest this money in Blue Origin by selling 1 billion dollars of Amazon shares annually".

Reports of Bezos's stock sell came after Amazon asked a federal court Monday to force President Donald Trump to testify about the Department of Defense's decision to award a major Pentagon project to one of his the company's biggest competitors, Microsoft.

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