Jeff Bezos sells $2.5B in Amazon stock as exit approaches

This week’s sale marks Bezos’ first dump of Amazon stock in 2021. He sold more than $10 billion worth of shares last year. 

Bezos has committed $10 billion of his personal wealth to the “Bezos Earth Fund,” which aims to combat climate change. The billionaire also announced in 2017 that he would be selling at least $1 billion worth of stock each year to fund his rocket company Blue Origin, which announced Wednesday it will launch its first crew to space this summer. 

“The price of admission to space is very high,” Bezos said at a 2018 awards dinner. “I’m in the process of converting my Amazon lottery winnings into a much lower price of admission so we can go explore the solar system.”

Article: https://nypost.com/2021/05/06/jeff-bezos-sells-2-5b-in-amazon-stock-as-exit-approaches/

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