Amazon CEO Jeff Bezos has this week sold more than $3.1 billion worth of shares in his company. The disposals, disclosed Wednesday in Securities and Exchange Commission filings, added to a $4.1 billion sale earlier this year.
The sales this week bring his total cash out in 2020 to slightly more than $7.2 billion so far. He still holds more than 54 million shares and is worth $189.8 billion, according to the Bloomberg Billionaires Index. His net worth has surged by $74.9 billion this year with Amazon stock rising 73 per cent.
Bezos is now on the cusp of another record: a fortune exceeding $200 billion.
Many of the world’s wealthiest people have become richer in 2020, but Bezos is pulling far ahead of the pack. He is $70 billion wealthier than Microsoft Corp. co-founder Bill Gates, the second richest man in the world.
The sales come one week after Bezos testified before the House Antitrust Subcommittee, which is concerned about the growing power of large tech companies, alongside Facebook CEO Mark Zuckerberg, Apple CEO Tim Cook and Sundar Pichai, CEO of Google parent Alphabet.
