Jeff Bezos wraps up his latest Amazon stock sales for $6.7 billion

Jeff Bezos sold $1.7 billion of Amazon.com Inc. stock, bringing the amount he’s unloaded this month to about $6.7 billion.

Bezos sold 521,936 shares under a pre-arranged trading plan, according to U.S. Securities and Exchange Commission filings. That brings the total sold in three batches in May to 2 million shares. He said in a filing last week that he plans to sell as many as this number.

The world’s richest person continues to hold about 10% of Amazon, the biggest source of his $188 billion fortune, according to the Bloomberg Billionaires Index.

Amazon stock jumped 76% last year as people flocked to online shopping, but it’s dropped 7% since the end of April as investors retreat from tech stocks amid fears over inflation.