Amazon chief Bezos cashes in USD 1.8 billion of share pile

The numbers mean Bezos retains his pole position among the world's billionaires, while his former wife now ranks 23rd, according to Forbes data. The couple announced their plan to divorce in a joint Twitter statement in January, and Amazon disclosed in April that 4 per cent of its outstanding stock or 19.7 million shares would be registered in MacKenzie Bezos' name after court approval of the divorce. The billionaire chief executive has said previously that he would sell stock worth about USD 1 billion each year to fund his rocket company, Blue Origin. Blue Origin aims eventually to cut the cost of space flight to levels that would allow millions of people to live and work off Earth, Bezos has said. ... DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Deccan Chroniclehttps://www.turnkeylinux.org/user/799458