Bezos sells an additional billion dollars in Amazon stock
Jeff Bezos this week sold an additional billion dollars in Amazon stock, bringing his total cash-in in 2019 now to $2.8 billion, and his total cash sales of stock to about $5 billion since he said several years ago that he would sell about $1 billion per year to finance his space company Blue Origin.
He still owns 12% of Amazon.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Jeff Bezos this week sold an additional billion dollars in Amazon stock, bringing his total cash-in in 2019 now to $2.8 billion, and his total cash sales of stock to about $5 billion since he said several years ago that he would sell about $1 billion per year to finance his space company Blue Origin.
He still owns 12% of Amazon.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
If he had a product and customers, he wouldn’t have to sell all his stock.
Even at $3 billion a year, Bezos has about 40 years worth left. And that’s without allowing for future growth in the share price. Even if one of Bezos’s other billionaire buddies cracks the life extension problem, he’ll be able to peel off $3 billion a year effectively forever. But I don’t think he’s going to keep doing that once Blue Origin actually starts making serious money.
That he has extra money to waste could be part of the problem because there isn’t pressure to actually get something done. In the long term, he may not run out of money but it could create a company culture that stagnates the company and prevents it from being able to respond to competition. I think Bezos’ efforts to capture government are an effort to deal with competition and it could be very successful but I don’t like that way of doing business.
To be clear, I want BO to be successful. My criticism comes from a place of wishing they would get there faster and not engage in some practices with perverse incentives for corruption.
Where do you put $2.8B in cash???? Under a VERY BIG mattress?
from the article—
“The sale marked Bezos’ first since October of last year, when he sold $33 million worth of stock, according to forms filed with the Securities and Exchange Commission. This time, Bezos sold more than 950,000 shares over three sales between July 29 and July 31 at a price of about $1,900 per share. After the most recent sale, Bezos still owns 58.1 million shares in Amazon. The sale appears to be Bezos’ largest over such a short period in the history of the company based on dollar value.
>Bezos told reporters in 2017 that he plans to sell about $1 billion in Amazon stock each year to fund his space exploration company, Blue Origin.
>Separately, Bezos and his now ex-wife MacKenzie pledged $2 billion in 2018 to launch the “Day One Fund” to help homeless families and create preschools.
>In his divorce settlement with his wife MacKenzie Bezos, Jeff Bezos kept 75% of the couple’s Amazon stock and voting control over MacKenzie Bezos’ shares.
Amazon declined to comment further on the recent filings. After the sale, Bezos’ net worth will be about $115 billion, Forbes estimated.”
SEC Filing is here
https://www.sec.gov/Archives/edgar/data/1018724/000101872419000079/xslF345/wf-form4_156462152514345.xml