Bezos to sell more Amazon Shares to fund private space mission
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Washington: Amazon founder Jeff Bezos is all set to sell amazon shares valuing up to $2.5 billion. This comes after his 2020 sale of $10 billion worth of stocks. He informed the US markets 739,000 stocks would be sold.
This is following the earlier decision to sell two million of amazon's shares. Bezos owns about 10% of the company's shares, amounting to 193.5 billion US dollars. It is speculated that the shares are being sold to fund another of Bezos' own companies, Blue Origin, a private aerospace company that is reportedly planning a commercial tourist space program later this year.
It was fifteen years ago, in 1997, that Amazon was listed in the exchange. Amazon's shares went up steeply after an increase in online shopping following the pandemic.