Bezos Cashes In $3.1B in Amazon Shares

Amazon CEO made more than $10B Wednesday
By Rob Quinn,  Newser Staff
Posted Nov 5, 2020 10:20 AM CST
Bezos Cashes In $3.1B in Amazon Shares
Jeff Bezos speaks at an event in Washington last year.   (AP Photo/Patrick Semansky, File)

Jeff Bezos cashed in more than $3 billion in Amazon shares on Monday and Tuesday, bringing the total for the year to $10.2 billion—which is less than what he made on Wednesday. Business Insider reports that the Amazon CEO's net worth jumped around $10.5 billion Wednesday as tech stocks soared in the stock market's post-election rally. According to Securities and Exchange Commission filings, Bezos sold a million shares this week under prearranged 10b5-1 trading plan, CNBC reports. Bezos still owns 53 million Amazon shares, making him the world's richest person, with an estimated net worth of $191 billion.

Bezos, whose already enormous fortune has vastly increased during the pandemic, says he puts around $1 billion a year from Amazon stock sales into his Blue Origin space company. He has cashed in a lot more stock this year than in previous years, which may be connected to the $10 billion climate change-fighting Bezos Earth Fund he announced in February. Sources told the Atlantic this week that Bezos plans to award $100 million grants to the Nature Conservancy, the Environmental Defense Fund, the Natural Resources Defense Council, the World Wildlife Fund, and the World Resources Institute. (Read more Jeff Bezos stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.