Amazon: Bezos sells one million tech stocks

Amazon: Bezos sells one million tech stocks The corona crisis has catapulted Amazon's business forward. The tech giant's stock is racing from record to record. Founder Jeff Bezos turns a fraction of his shares into cash - and lands a billion-dollar coup in the process. Tech giant Amazon's share price has only known one way for months, and that is up. A flood of online orders in the Corona crisis has recently brought the US group the highest quarterly profit in its 26-year history. Company founder Bezos may now seize the opportunity and sell one million of his shares valued at 3.1 billion dollars (around 2.5 billion euros). This is reported by the Bloomberg business agency, citing information from the US Securities and Exchange Commission. An Amazon share last cost around $ 3,200. The growing demand for Amazon services has caused the e-commerce company's share value to rise 73 percent since the beginning of the year. So far, CEO Bezos has been largely reluctant to sell his Amazon shares. It is unclear why he is now selling his shares. Three years ago, according to Forbes magazine, the tech boss announced that he would sell shares worth a billion dollars every year. But the current sale of one million shares is so far peanuts for the multi-billionaire. The 56-year-old still holds more than 54 million shares in Amazon, which, according to calculations by the Bloomberg Billionaire Index, are worth around 189.8 billion dollars. This puts Bezos on the cusp of another record, a fortune of $ 200 billion. This could allow the richest person in the world to keep his pursuers Bill Gates and Elon Musk at a distance. You might also be interested in:

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