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Jeff Bezos sells Amazon shares worth $2.8 billion

6Aug By PriyankaNo Comments

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Jeff Bezos sells Amazon shares worth $2.8 billion

San Francisco: Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion. In the last three days of July, Bezos has sold stock worth about $1.8 billion, regulatory filings with the Securities and Exchange Commission showed. Amazon declined to comment on Bezos' stock sale. The move comes as part of a previously announced trading plan. Bezos had previously said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin. Bezos' former wife, Mackenzie Bezos, who currently owns Amazon stake worth more than $37 billion, is now the online retailer's second largest individual shareholder. https://pixr8.com/...

Amazon founder Bezos finalizes divorce with $38 bn settlement

Amazon founder Jeff Bezos and MacKenzie Bezos finalized their divorce Friday to the tune of a USD 38-billion settlement. Under the agreement, MacKenzie Bezos, 49, will receive approximately 19.7 million Amazon.com shares, giving her a four percent stake in the company valued at USD 38.3 billion, and landing her richest woman in the world. Jeff Bezos, 55, will retain a 12 percent stake and remain the world's richest man. MacKenzie Bezos has said that she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her husband as well as voting control of her remaining Amazon stock. She has also promised to donate half her fortune to charity, joining the ranks of the world's ultra-wealthy philanthropists as a signatory of the Giving Pledge. ...

MacKenzie Bezos surrender 75% Amazon couple shares

MacKenzie Bezos, ex-wife of Amazon founder Jeff Bezos, announced Thursday the couple had finalised their divorce, and that she would surrender 75 per cent of the couple's shares in the tech giant. Bezos also said she would surrender all of her stake in The Washington Post and the space exploration firm Blue Origin to her ex-husband, as well as voting control of her remaining Amazon shares. But Mackenzie will still retains 25% of Amazon stock which is equal to $35 billion dollars. MacKenzie Bezos will become Fourth-Richest Woman After Divorce. "Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness," MacKenzie Bezos wrote on Twitter. https://pixr8.com/news/amazon-ceo-jeff-bezos-and-w...