Amazon chief Bezos cashes in USD 1.8 billion of share pile

Amazon.com Inc founder Jeff Bezos sold shares worth USD 1.8 billion in the last three days of July, reducing the value of his stake in the world’s third most valuable company to about USD 110 billion.

The move by Bezos was part of a previously adopted trading plan and was revealed in regulatory filings that also showed that his former wife Mackenzie Bezos is now the online retailer’s second largest individual shareholder.

Her stake, stemming from a divorce settlement of the pair’s previous joint holdings, is currently worth more than USD 37 billion.