Jeff Bezos just sold nearly $1 billion of Amazon stock

Amazon CEO Jeff Bezos sold about $941 million of Amazon stock in the last three days, the company said in a SEC filing.

It was part of a previously scheduled sale plan, but because Amazon's shares have run up sharply in the past year the sale is the biggest ever by the tech billionaire. Last year he sold $1.4 billion of Amazon stock in total.


Full price information

The CEO sold about 1 million shares of Amazon this week. Bezos sold 1 million shares from Tuesday to Thursday ranging in price from about $935 to $950 per share, according to Thursday's filing. He still owns 79.9 million shares, or about 17 percent of the company, down from 83 million shares at the end of 2015.

Shares of the online retail behemoth are up 42% in the last year and up 25% this year alone.

Bezos has promised to use some of his Amazon profits to fund his space exploration company Blue Origin, CNBC's Matt Rosoff reported.

See Bezos' top business tips:

Jeff Bezos' secrets to success
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Jeff Bezos' secrets to success

Use your childhood passions as a starting point

Bezos' passion for science as a child fueled his ability to create, innovate and discover.

It's reported that he invented an electric alarm in his parents' garage to keep his half-siblings out of his room. 

Photo credit: Getty

Remember where you came from

Bezos used to spend his summers working on his grandfather's cattle farm. It's helped keep Bezos humble, and serves as a reminder to always work hard.

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Be prepared for ideas to strike you at any time

Bezos wrote down his business plan on a car ride from NY to Seattle.

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Be open to rebranding

Bezos originally wanted to call Amazon "Cadabra" but changed his mind when potential customers were mispronouncing and mishearing the name. 

Another former name, "Relentless," still redirects its URL to Amazon today.

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Abide by the "Two Pizza Rule"

Bezo's golden rule: In order to have a successful business venture, one should form small teams consisting of the number of people it would take to finish two pizzas.

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Don't think that you're immune to failure crashed for 40 minutes in 2013, costing the company $4.8M. 

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Never stop expanding 

Since Amazon has launched, the company has made several million-dollar acquisitions, such as Zappos, IMDB and The Washington Post.

Bezos also founded a space travel company called Blue Origin in 2000 and is currently chairing the construction of  a 10,000 year clock in Texas.

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Train your employees for success, no matter where they go

Amazon employees leave the company skilled and ready to blaze trails of their own. Former employees include Jason Kilar (founder of Hulu and Vessel) and Charlie Cheever (founder of Quora).

Photo credit: Getty

Don't limit yourself to one specialty 

Amazon started solely as an e-book seller. The company now sells goods across over 15 categories.

Photo credit: AOL


Bezos is on his way to becoming the worlds richest person as Amazon stock approaches the $1000 mark.

Click here for a real time Amazon chart.

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