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Source: Dubai – Sherif Abdel Hamid
The CEO and founder of Amazon, Joseph Bezos, sold his company for $ 1.8 billion, the largest sales of his company since its inception 20 years ago.
Bezos sold 960,000 shares valued at $ 1,900 during the last three days of July, the company said in a statement.
The amount sold by Bezos represents approximately 1.6% of the total shares held by the company. Bezos also has about 19.7 million shares of his company to his former wife, making him the second largest company with significant stake. The share of his ex-wife McKinsey's business is valued at $ 37 billion.
It is not yet known why Bezos sold the shares. These shares were sold via the automated sales system until a predetermined date, so that the stock price was not affected.
Although the sale of shares by executives is a bad sign, Bezos owns many companies, including Space Exploration and the Washington Post, which gives it many links with the cash it has obtained by selling part of its participation. In the Amazon.
Bezos could use some of the money to fund his Blue Orign space exploration company, and Pezos had said earlier that he was liquefying the equivalent of a billion dollars of his participation in Amazon each year to fund Blue Origne. It is also possible that Bezos will pay some or all of this amount.
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