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Jeff Bezos: His space company Blue Origin devours a lot of money, the richest man in the world finances the operation of the company with regular stock sales
Photo: Joshua Roberts / REUTERS
Amazon boss
Jeff Bezos
(56) takes advantage of soaring prices on the US technology exchange and again sells shares in his company.
This week he unleashed more than $ 3.0 billion worth of Amazon titles.
This emerges from mandatory notifications to the US stock exchange regulator, as reported by Bloomberg, among other things.
Bezos has already cashed in Amazon shares worth around $ 10.2 billion this year.
The 56-year-old star entrepreneur founded Amazon in 1994 and is still the largest single shareholder of the world's largest Internet retailer.
According to Bloomberg, Bezos still holds more than 10 percent of the shares in Amazon after this sale.
With an estimated net worth of around $ 190 billion, Jeff Bezos is the richest person in the world, according to Forbes and Bloomberg Billionaires.
Amazon last had a market value of $ 1.6 trillion.
Since the beginning of the year, the share price has risen by more than 75 percent.
Amazon is benefiting from the corona pandemic because many people are ordering more and more goods online during this time.
Only last week the group reported a monster quarter and announced historic Christmas sales.
In the current fourth quarter, the online giant expects quarterly sales between 112 and 121 billion euros.
For the first time in its history, Amazon would break the barrier of $ 100 billion in quarterly revenue.
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The new share sales are no surprise: in 2017, Bezos announced that it would sell at least a billion dollars worth of shares annually to fund his rocket company Blue Origin.
The volume is now significantly higher.
Most recently, in August, the manager hit Amazon stocks worth more than $ 3 billion.
In addition, according to Bloomberg, the billionaire continues to spend a lot of money on charitable purposes.
In February, for example, he pledged 10 billion dollars to the "Bezos Earth Fund", which is dedicated to climate change.
The "Bezos Day One Fund", in turn, to which the Amazon boss has pledged two billion dollars, supports non-profit organizations that, in turn, help homeless families.
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