These people are selling stocks! Avoiding $1.9 billion in losses, Bezos was at the top

category:Finance
 These people are selling stocks! Avoiding $1.9 billion in losses, Bezos was at the top


Wall Street executives have also recently sold a lot of shares.

BlackRock CEO Laurence Fink sold $25 million of the companys shares on February 14, avoiding a potential loss of more than $9.3 million; IHS Markit CEO Laurence uglla sold $47 million of his shares around February 19, which, if left to this day, would cost $19.2 million.

Bezos usually sells its Amazon shares at a pre planned time. In August, when Amazon shares were at their lowest level in 13 years, Bezos also sold nearly 1.5 million shares, worth about $2.84 billion.

Bezos, 56, said in 2017 that he would sell about $1 billion a year in Amazon stock to fund his space flight company Blue origins. Blue originated in 2000, the company has signalled late last year that its new project, new Shepard, will conduct its first manned test flight this year, after a quiet year in 2019.

In addition, Bezos has always been keen to buy art. Last November, at Christies auction house, he bought the work hurting the word radio Chen 2 by American pop artist ed Ruscha for a record $52.5 million. According to the exchange rate at that time, the price was about 368 million yuan.

Bezos also bought artist Kerry James Marshalls vignette19 for $18.5 million, more than doubling the highest estimate for the work. In addition, according to the local agent, Bezos has been looking for and buying another residence for himself in Los Angeles.