Amazon Founder Jeff Bezos: Jeff Bezos, founder of e-commerce platform Amazon, has sold a large portion of the company's shares. According to a recent regulatory filing seen by GeekWire, Bezos has sold Amazon shares worth more than $3 billion. This is not the first time he has done this. He has sold shares before as well. So far this year, Bezos has sold Amazon shares worth more than $13 billion in total. Jeff Bezos has become the second richest man in the world. 

The recent sale involved more than 16 million shares 
and happened when Amazon's share price was close to $200 per share. This was also the case in July when they sold a lot of shares. Amazon's share price has never been this high since the company started selling shares in 1997. 

Why is Bezos selling shares?
Even though Bezos is selling shares, he is one of the richest people in the world. But the reason why Bezos is selling shares is not yet clear. The price of Amazon company's shares is constantly increasing. The reason for this is that the company is doing very well. Due to the increase in the price of Amazon company's shares, Jeff Bezos' wealth has also increased.

Jeff Bezos's net worth increased.
After the release of Amazon's third-quarter earnings report, the company's share price increased by 7%, which was more than market expectations. In the last one year, the company's shares have increased by more than 40%. Due to the increase in Amazon's share price, Jeff Bezos's net worth has also increased. Bezos is currently in second place on the Bloomberg Billionaires Index with a net worth of $222 billion. Bezos's wealth has increased by $42.8 billion every year. The main reason for this is the increase in Amazon's shares. 

Over the years, Bezos has sold Amazon shares to fund various projects and initiatives, including his space venture, Blue Origin. In 2018, he also established the $2 billion Bezos Day One Fund, which funds homeless families and school education. According to a February proxy statement, Bezos owned about 10.8% of Amazon's outstanding shares. He is still Amazon's chairman, but now his focus is on Blue Origin. 

Jeff Bezos invested money in other projects.
Bezos has invested money in other projects like Blue Origin by selling Amazon shares in the last few years. In 2018, he also created a fund of $2 billion for the education of homeless people and children. According to a proxy statement in February, Bezos owned about 10.8% of Amazon's outstanding shares. Although Bezos is still the chairman of Amazon, now his focus is more on Blue Origin.