Amazon CEO Bezos is now the World’s Fourth Richest Person – Sells 1% stake in Amazon for $671 Million

Jeff-Bezos (1)
Jeff Bezos, CEO of AMAZON – JOE KLAMAR/AFP/GettyImages

USA Today –

Amazon CEO Jeff Bezos sold more than 1 million shares of Amazon stock this week, netting him a cool $671 million, according tofilings with the U.S. Securities and Exchange Commission.

Bezos is currently ranked as fourth on theForbes list of the world’s billionaires, behind Bill Gates, Spain’s Amancio Ortega and Warren Buffett. Forbes puts his net worth at $58 billion.

Amazon stock surged last week after the company posted surprisingly strong profits for the first quarter.

The rise moved the Seattle-based online retailer to seventh on the list of the S&P 500’s largest companies.

Amazon.com had more than $100 billion in revenues in 2015, and has cemented its spot as a powerhouse in its cloud computing business, Amazon Web Services.

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