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        <title><![CDATA[Jeff Bezos sells another $3 billion in Amazon stock]]></title>
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            <media:title type="html">Jeff Bezos sells another $3 billion in Amazon stock</media:title>
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						<p>Jeff Bezos sold another $3 billion worth of Amazon stock this week as his e-commerce empire&#8217;s share price continued to soar.</p>
<p>The tech tycoon dumped 1 million Amazon shares over seven trades on Monday and Tuesday in his third batch of stock sales so far this year, Securities and Exchange Commission records show.</p>
<p>The pre-planned transactions netted Bezos, 56, about $3.02 billion and left him with some 53.4 million shares of Amazon worth more than $173 billion as of Wednesday — leaving his status as the <strong>world&#8217;s richest man</strong> comfortably intact.</p>
<p>Bezos has dumped Amazon shares at a much faster pace in 2020, a year that has seen the Seattle-based company&#8217;s stock price surge more than 75 percent as the coronavirus pandemic sparked an explosion in online shopping.</p>
<p>He&#8217;s raked in more than $10.2 billion from selling 3 million shares this year, including previous sales in August and in the days <strong>after Amazon&#8217;s late January earnings report</strong>. That&#8217;s up from 1.5 million shares last year and about 2 million in 2017 and 2018 combined, according to data compiled by <strong>OpenInsider</strong>.</p>
<p>Bezos has said he would sell at least $1 billion worth of Amazon shares to fund his space-exploration startup, Blue Origin, which aims to ferry tourists into space and launch a satellite internet network — much like fellow billionaire <strong>Elon Musk&#8217;s SpaceX</strong>.</p>
<p>Bezos also announced in February that he would commit $10 billion to fighting climate change through a new &#8220;Bezos Earth Fund,&#8221; which has so far committed up to $700 million to several environmental nonprofits, <strong>according to The Atlantic</strong>.</p>
<p>Bezos&#8217; Amazon stake accounts for more than 90 percent of his $191 billion fortune, according to Bloomberg&#8217;s Billionaires Index. The rest comes from his ownership of Blue Origin and the Washington Post newspaper, plus cash and other assets.</p>
			
					
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