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Amazon founder Jeff Bezos flogs another £812m of shares to fund his space rocket firm Blue Origin


Amazon founder Jeff Bezos flogs another £812m of shares to fund his space rocket firm Blue Origin

Space race: Amazon founder Jeff Bezos has sold another £812m worth of shares

Space race: Amazon founder Jeff Bezos has sold another £812m worth of shares 

Amazon boss Jeff Bezos has sold another £812million of shares in the internet firm as his space company prepares to blast off.

The 55-year-old, who is the world’s richest person, sold the Amazon stock last Thursday and Friday, just days after offloading £1.5billion of shares, meaning he has sold £2.3billion in total.

He remains Amazon’s biggest shareholder, with 11 per cent of the company, worth £84billion. Amazon would not comment on the sales.

But it is thought a substantial part of the money will be reinvested in Blue Origin, the space rocket company Bezos founded in 2000. 

The father-of-four has said funding space travel is the best use of his vast fortune, as part of wider efforts to help humans colonise other planets.

Blue Origin is close to being able to offer passenger flights to the edge of the Earth’s atmosphere, although its rocket is still being tested. 

Bezos said: ‘I am lucky that I feel like I have a mission-driven purpose with Blue Origin that is, I think, incredibly important for civilization. 

And I am going to use my financial lottery winnings from Amazon to fund that.’ His fortune stands at £102billion, according to Forbes magazine.

 



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