Jeff Bezos unloads $4 billion of Amazon stock in a week

Amazon.com Inc’s founder and Chief Executive Officer (CEO) disposed of 2 million shares in the past week, collecting more than $4 billion, according to regulatory filings. His latest sales were disclosed on Friday as the company’s stock hit fresh highs.

The transactions are part of a pre-arranged trading plan. .

That brings his total stock sales to more than $14 billion, with the majority occurring in the past four years, according to calculations by Bloomberg. Bezos, 56, said in 2017 that he was selling about $1 billion a year in Amazon stock to fund Blue Origin LLC, his space flight company. The rocket builder has since expanded operations and signalled its first human test flights this year.