San Francisco: After cashing in $1.8 billion worth of the Amazon shares over the last three days of July, Amazon Founder and CEO Jeff Bezos has now sold Amazon shares worth $990 million in the first two days of August, the media reported.
From the 530,000 Amazon shares that Bezos sold early this month, he will net an estimated $750 million in cash after taxes, Forbes.com reported on Monday.
Bezos, the richest man on Earth, is now worth an estimated $110.1 billion, said the report.
While the purpose behind Bezos` latest stock sales have not been officially revealed, it is believed that the fund would benefit his space exploration company Blue Origin.
Bezos told journalists a couple of years ago that he was selling some of his Amazon shares to fund Blue Origin.
Between July 29 and July 31 Bezos sold a little over 900,000 shares of the e-commerce giant when its stock price was around $1,900 a share, Forbes had reported earlier.