Amazon founder Jeff Bezos has cashed in almost $2 billion worth of Amazon shares, according to recent Securities and Exchange Commission filings. A spokesperson for Amazon did not comment on the goal of Bezos' latest stock sale when pinged by Forbes although large sales like this are not uncommon.
As part of the divorce settlement, Bezos will retain the voting power associated with shares transferred to MacKenzie.
The divorce ends a 25-year marriage that played a pivotal role in the start of the e-commerce company. After taxes, Bezos is expected to make about $1.4 billion from the sale.
The couple announced their plan to divorce in a joint Twitter statement in January, and Amazon disclosed in April that 4% of its outstanding stock or 19.7 million shares would be registered in MacKenzie Bezos' name after court approval of the divorce. CEO Jeff Bezos sold around 900,000 shares of the company he founded at around $1,900 each, according to Forbes.
This essentially makes her the third-richest woman in the world, right behind Walmart's Alice Walton and L'Oreal's Francoise Bettencourt Meyers.
Bezos sold the 968,148 Amazon shares this week under an SEC rule that lets insiders of publicly traded companies who are major shareholders to set up trading plans to sell a predetermined number of shares at a predetermined time to avoid insider trading accusations. During that time, the price of each Amazon share was valued at around $1,900 per piece.