Jeff Bezos sells 1 million shares of Amazon worth over $3 billion

Jeff Bezos sells 1 million shares of Amazon worth over $3 billion

Amazon founder Jeff Bezos sold over $3 billion worth of shares in the company, according to media reports citing regulatory filings.

Bezos this week sold 1 million shares or 1.8 percent of his stake in the e-Commerce giant, Forbes reported citing documents filed with the Securities and Exchange Commission (SEC).

According to the report, the transactions were made on November 2 and 3, and the buyer of the shares was not specified. After deducting taxes, Bezos is estimated to receive $2.3 billion.

Bezos remains the world's richest person after selling some if his stock in Amazon, with Forbes pegging his net worth at $189.6 billion.