Jeff Bezos, the founder and CEO of Amazon, had his biggest payday ever in selling stock this week. He sold about 1 million shares of his company for more than $755 million.
Bezos does this ever year, selling a huge number of shares on a predetermined schedule. The amount of this sale in particular was pretty amazing.
It was just recently that the retail giant posted its third-straight record-breaking earnings. Since Bezo’s last sale, Amazon is up almost 44% since then.
Disclaimer: We have no position in Amazon.com Inc. (NASDAQ: AMZN) and have not been compensated for this article.