Amazon CEO Jeff Bezos officially converts stock to cash. Mentioning the amount in Form 4 filing with the US Securities and Exchange Commission.
Bezos performed another stock conversion more than $1 billion in selling stock. over the last six years, Bezos has sold stock amounting in the 900,000 to 1 million-share range. Bezos still owns nearly 80 million shares.
Amazon stock has only gone up. Shares of the company have seen a year-to-date rise of 48 percent. Shares are up 18 percent since September alone.
The Amazon chief did say in June of this year that he wants to become more involved with philanthropy. He polled the world for ideas in a rare Twitter post.
Then again, Bezos could simply be stockpiling some cash to transfer to his rocket company Blue Origin or The Washington Post, which Bezos purchased in 2013.