Amazon chief Jeff Bezos cashes in USD 1.8 billion of share pile

Amazon.com Inc (AMZN.O) founder Jeff Bezos sold shares worth USD1.8 billion in the last three days of July, reducing the value of his stake in the world’s third most valuable company to about USD110 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.