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05

Jeff Bezos Sells More Than $500 Million in Amazon Shares

By Tony Seruga

Amazon.com Inc. CEO Jeff Bezos. Photographer: Peter FoleyBLOOMBERG

Amazon.com Inc.’s soaring stock price helped to boost proceeds from the sale of 1 million shares by Chief Executive Officer Jeff Bezos this week, helping him reap more than $500 million.

The sale was part of a divestment plan, according to a regulatory filing. Bezos sold the stock at weighted-average prices ranging from $529.91 to $539.81, according to the filing. He still owns 82.9 million shares, or 18 percent, of the Seattle-based Web retailer…

Jeff Bezos Sells More Than $500 Million in Amazon Shares

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