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Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

97 pointsby nwrkover 7 years ago

4 comments

DiThiover 7 years ago
He sells $1B every year to fund Blue Origin. Source: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=14047650" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=14047650</a>
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adventuredover 7 years ago
$94.6 billion net worth at present per Bloomberg.<p>I know he is basically guaranteed to be running all of these sales off a sale schedule set far in advance for obvious reasons. However, I&#x27;d probably be doubling up those $1 billion sales until&#x2F;unless this market gives out.<p>Raising $6 or $10 billion - enough to fund Blue Origin for maybe a decade - by selling out of a $94 billion base, sure beats doing the same out of $26 billion (where his net worth was at just ~33 months ago).
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prewettover 7 years ago
My initial question was how did he sell $1B and not affect the share price substantially. And sure enough, the share price did drop a bit. But average trading volume is about 2 billion shares, which is about $2B. It&#x27;s pretty crazy that the market has so much liquidity that $2B of AMZN changes hands every day, and that it could soak up a $1B sale and barely change the price.
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fatalissover 7 years ago
That tax season will hurt!
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