Jeff Bezos sells over $3 billion in Amazon shares, becomes 2nd richest person

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Amazon founder Jeff Bezos has sold over $3 billion in Amazon shares, according to a regulatory filing disclosed on Friday..

Bezos sold more than 16 million shares as Amazon's stock again approached $200 per share, reaching that level back in July when Bezos also sold shares..

With a net worth of $222 billion, Bezos ranks as the second-richest person on the Bloomberg Billionaires Index, up $42.8 billion year-over-year due to Amazon's stock performance..

As of February, Bezos held roughly 10.8 per cent of Amazons outstanding shares..

In other news, Bezos, also the owner of the Washington Post, commented on the newspaper's recent decision to stop endorsing presidential candidates, stating it addresses a "credibility gap" in the media industry..

Full story at Hindustan Times | 

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