The Strategist

CNBC: Bezos received $10.2B from Amazon's shares sale in 2020


11/05/2020 - 03:34



This week, Jeff Bezos received over $ 3.1B after selling shares of his corporation. This was announced on Wednesday by CNBC TV channel referring to notices sent to the US Federal SEC.



Seattle City Council
Seattle City Council
These documents show that the CEO of Amazon received $ 3.1B after selling Amazon securities in August and more than $ 4.1B - in February.

Including this week, the wealthiest man on the planet has generated over $ 10.3 bln in stock sales this year, up from $ 2.8B last year.

Amazon's third-quarter revenue was $ 96.1B, up 37% from $ 70B in the same period last year.

Profit reached $ 6.3B, or $ 12.37 per share. Sales in North America were up 39% and worldwide sales were up 37%.

Amazon is the largest online trading company in the world . It was founded in 1994 by Bezos. The market cap of the firm is now stands at about $ 1.52 trillion.

source: cnbc.com




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