Jeff Bezos sold $1.8 billion worth of Amazon stock

Although major changes were planned, it came as a surprise that Amazon.com Inc founder Jeff Bezos sold $1.8 billion worth of stock by the end of July. This reduced the value of his stake in the third most valuable company in the world to about $110 billion.

The result of this sale places his ex-wife Mackenzie Bezos as the second-largest shareholder in the company, while Jeff ensures that these types of sales will become frequent.

However, Jeff continues to be one of the largest multi-millionaires in the world, while Mackenzie climbed to the top 23 on the Forbes list. She has stated that the money earned from the divorce will be used for charitable causes.

After 19.7 million shares were registered in the name of MacKenzie Bezos for the judicial approval of the divorce, rumors of a crisis on Amazon began to spread, but it was Jeff himself who denied any strange movements in his accounts.

One of the alleged reasons Jeff would sell stocks is that he is looking to fund his rocket company, Blue Origin.

Blue Origin ultimately aims to reduce the cost of space flight to levels that allow millions of people to live and work outside of Earth, Bezos said.