Amazon CEO Jeff Bezos sells about $1 billion in company stock

201705.05
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Amazon.com Inc. chief executive officer Jeff Bezos sold about $1 billion in company stock as part of a planned divestiture, a month after the world’s third-richest man said he spends about that amount annually on his space exploration company Blue Origin LLC.

Bezos sold 1 million shares from Tuesday to Thursday ranging in price from about $935 to $950 per share, according to a regulatory filing on Thursday. He still owns 79.9 million shares, or about 17% of the company, down from 83 million shares at the end of 2015.

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