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        <title><![CDATA[Amazon CEO Jeff Bezos sells $3 billion worth of stock]]></title>
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            <media:title type="html">Amazon CEO Jeff Bezos sells $3 billion worth of stock</media:title>
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        <content:encoded><![CDATA[<p>Jeff Bezos is cashing in on the coronavirus.</p><p>The 56-year-old Amazon CEO on Wednesday sold $3.1 billion worth of stock in the e-commerce juggernaut, bringing his total stock sales for the year over $7 billion.</p><p>The world&#8217;s richest man <strong>sold exactly 1 million shares</strong> of Amazon Wednesday — a week after the company <strong>shattered expectations</strong> in its most recent earnings report.</p><p>The sale represented less than 3 percent of his massive Amazon stake, which is worth more than $175 billion. Bezos is currently worth $189 billion, according to Forbes.</p><p>Shares of Amazon are up more than 90 percent since the start of pandemic-related lockdowns in March, with massive gains fueled by stuck-at-home consumers turning to Amazon for their shopping needs. The stock was trading down 0.5 percent Thursday morning, at $3,187.04.</p><p>The billionaire announced in 2017 that he would be selling at least $1 billion worth of stock each year to fund his Blue Origin space flight company, which recently posted job listings for its lunar lander program.</p><p>&#8220;The price of admission to space is very high,&#8221; Bezos said at a 2018 awards dinner. “I’m in the process of converting my Amazon lottery winnings into a much lower price of admission so we can go explore the solar system.”</p><p>Bezos is <strong>locked in a heated space race</strong> with fellow tech billionaire and Tesla CEO Elon Musk, who runs his own rocket company, SpaceX. Both men want to launch a network of internet-beaming satellites, and both want to make space tourism accessible to the average person.</p>]]></content:encoded>
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