The Amazon CEO sold about 1.5 million shares at an average price of about $ 3,350 between Monday and Thursday, the filings show.
The sell-off was made as part of a previously prepared trading plan, which means that the total shares of the world’s richest man in Amazon have dropped from 53.2 million to 51.7 million shares.
The sales come one week after Amazon announced its first-quarter earnings results, surpassing Wall Street expectations as its business continues to recover due to the spread of the epidemic in e-commerce activity, according to the Arab portal for technical news.
The world’s richest man has accelerated his stock sales in recent years, as he previously sold nearly $ 4.1 billion worth of shares in February.
Bezos also sold more than $ 3 billion of Amazon shares last November, while last year he sold more than $ 9 billion of Amazon shares in total.
The Amazon founder said: About $ 1 billion of this amount goes every year to his growing rocket company, Blue Origin, which announced several days ago that it was launching its first astronaut crew into space this summer.