'Cash is king': Jeff Bezos' record $6 billion sale of Amazon shares ends years of restraint

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'Cash is king': Jeff Bezos' record $6 billion sale of Amazon shares ends years of restraint
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Jeff Bezos' stake in Amazon.com Inc. barely budged over the past decade. That's started to change.

Bezos sold 2 million shares, worth $US4.1 billion, as part of a pre-arranged trading plan between January 31 and February 6, according to regulatory filings. That's the largest seven-day selldown by any executive tracked by the Bloomberg Billionaires Index, which began in 2012.AP

For Bezos, it's a sharp reversal from years of relative restraint even as the value of his Amazon stake eclipsed 12 figures in 2017.. The pair divorced in the state of Washington, where Amazon is based and the couple lived. It's a community property state, meaning all assets and debt acquired during a marriage "will be divided equitably by the court if the couple cannot negotiate an agreement," according to the website of McKinley Irvin, a family law firm in the region.

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