Amazon: Jeff Bezos Sells 1 Percent Stake for $671 Million

New York Post: Jeff Bezos sold 1 percent of his stake in Amazon — just over a million shares — worth $671 million, a regulatory filing revealed. It’s the largest pile of cash ever netted in a share sale for Bezos, the fourth-wealthiest person in the world, with a net worth of $54 billion. The sale brought the Seattle-based web tycoon’s ownership of the online giant down to about 17 percent, from 17.5 percent. Bezos, who founded Amazon in 1995, had also sold a million shares last August, netting $534 million.