Jeff Bezos AFP via Getty ImagesAmazon founder and outgoing CEO Jeff Bezos, the richest person in the world, sold $2.5 billion worth of Amazon shares on Monday and Tuesday, according to Securities and Exchange Commission filings. Bezos’ is now worth an estimated $192.6 billion, meaning that the e-commerce tycoon keeps his spot as No. The transactions mark the first time Bezos has sold Amazon shares this year, though he is known to regularly cash in at least $1 billion from stock sales annually. Last year, he sold more than $10 billion of his Amazon stock across three batches of sales in February, August and November. He told reporters in 2017 that he had been selling $1 billion worth of shares per year to bankroll Blue Origin, the space exploration company he created.

Source: Forbes May 05, 2021 22:07 UTC