Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Jeff Bezos just sold a boatload of Amazon stock

JILLIAN D'ONFROAug 5, 2016, 06:14 IST

Amazon CEO Jeff BezosREUTERS/Rick Wilking

Jeff Bezos just got a nice payday.

In his most valuable stock sale ever, the Amazon founder and CEO sold about 1 million shares of his company this week. That's more than $755 million worth of stock.

The sale itself is routine - Bezos sells a huge number of shares every year on a predetermined schedule - but the sheer bounty is pretty extraordinary.

Complimentary Tech Event

Transform talent with learning that works

Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Amazon just posted its third straight record-breaking earnings and the stock is up almost 44% since his last big sale (via Yahoo Finance).

What will Bezos do with his new riches?

Who knows. Maybe he'll invest some in his rocket company. Or his underground clock. Or The Washington Post. Or charity. Bezos has a lot of interests.

NOW WATCH: Milo Yiannopoulos defends his Leslie Jones tweets: All I did was crack a few jokes about a Hollywood star

Please enable Javascript to watch this video