Bezos sells an additional billion dollars in Amazon stock


Pioneer cover

From the press release: From the moment he is handed a possibility of making the first alien contact, Saunders Maxwell decides he will do it, even if doing so takes him through hell and back.

 
Unfortunately, that is exactly where that journey takes him.

 
The vision that Zimmerman paints of vibrant human colonies on the Moon, Mars, the asteroids, and beyond, indomitably fighting the harsh lifeless environment of space to build new societies, captures perfectly the emerging space race we see today.


He also captures in Pioneer the heart of the human spirit, willing to push forward no matter the odds, no matter the cost. It is that spirit that will make the exploration of the heavens possible, forever, into the never-ending future.

 
Available everywhere for $3.99 (before discount) at amazon, Barnes & Noble, all ebook vendors, or direct from the ebook publisher, ebookit.
 

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.

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5 comments

  • wodun

    If he had a product and customers, he wouldn’t have to sell all his stock.

  • Dick Eagleson

    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.

  • wodun

    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.

  • Edward_2

    Where do you put $2.8B in cash???? Under a VERY BIG mattress?

  • wayne

    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

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