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Jeff Bezos Sells Over $3.1 Bn in Amazon Shares This Week

© AP Photo / Cliff OwenJeff Bezos
Jeff Bezos - Sputnik International
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This week sales bring the total amount of his shares sold to more than $7.2 billion in 2020 so far, while in 2019, the total cash out was $2.8 billion worth of shares.

Amazon CEO Jeff Bezos has sold more than $3.1 billion in his company's shares, according to filings with the Securities and Exchange Commission.

Earlier, Bezos sold more than $4.1 billion worth of shares in Amazon.

Online retail giant Amazon published its second-quarter 2020 results last week, which showed reported sales of $88.9 billion. The company's net profit doubled to $5.2 billion. Online shopping ramped up during the coronavirus pandemic, causing supply chain shortages and, as a result, delays in deliveries.

In 2020, Amazon shares have risen 73 percent so far. On Wednesday, the company's shares advanced 2.1 percent, according to CNBC News.

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