Bezos sells Amazon shares worth $3.1bln

Bezos sold over 600,000 shares as part of a previously announced trading plan

  
Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington, U.S., May 9, 2019.

Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington, U.S., May 9, 2019.

REUTERS/Clodagh Kilcoyne

Amazon.com Inc Chief Executive Officer Jeff Bezos sold shares worth $3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday.

The stock sale comes at a time when the company's shares have surged more than 73% this year.

During the first two working days of August, Bezos sold 1 million shares as part of a previously announced trading plan, according to the filings.

Bezos, the world's richest man, had said he planned to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.

The latest share sale leaves him with 54.5 million shares worth roughly $174.64 billion at the current market price.

(Reporting by Munsif Vengattil and Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila and Anil D'Silva) ((munsif.vengattil@thomsonreuters.com;))

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