Jeff Bezos just sold a boatload of Amazon stock

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Jeff Bezos

REUTERS/Rick Wilking

Amazon CEO Jeff Bezos

Jeff Bezos just got a nice payday.

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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.

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?

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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.

Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.