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Jeff Bezos sells $1.8B worth of Amazon shares

Amazon.com Inc. CEO Jeff Bezos has sold about $1.84 billion worth of shares in the e-commerce giant, according to SEC filings.

Bezos sold over 960,000 shares in the company between July 29 and July 31 at a price of about $1,900 per share.

Following the transaction, Bezos now owns 58,142,479 shares in Amazon, according to the filings.

In 2017, Bezos said he will divest about $1 billion worth of shares every year to fund his Blue Origin rocket company.