Jeff Bezos Sells Millions in Amazon Stock

Amazon.com founder and CEO Jeff Bezos sold one million shares of his holdings in the company for $671 million this week, according to a filing with the Securities and Exchange Commission. That’s the most money Bezos has ever raised in a sale of his Amazon holdings, according to the web site Geekwire.

By selling this week, after Amazon’s blow out April 28 earnings report, Bezos benefited from the big run up in Amazon’s stock price.