Amazon founder Bezos sold 156352 shares of Amazon shares on Monday (November 2) at an average price of $2970.79 a share, with its stake in Amazon down 0.3% to 54.3 million shares, according to the latest regulatory documents. This is not the first time Bezos has sold Amazon shares this year. Between January and August this year, Bezos sold Amazon shares worth $7.2 billion. Bezos has previously said he will sell about $1 billion of Amazon stock a year to fund his space exploration company, blue origin. < p > < p > although the U.S. economy has entered the worst recession since the great depression, the wealth of Amazon’s founders has increased at an alarming rate this year. Amazon’s share price has been soaring since mid March, as areas such as online shopping and cloud computing flourished during the epidemic blockade. Amazon reported a 37% rise in revenue last week. Its cloud computing unit, AWS, had sales of $11.6 billion in the quarter, up 29% from a year earlier. < p > < p > after today’s trading, Amazon’s share price rose slightly by 0.21%. The shares rose 6% today to close at $3241.16, above the average price of Bezos’s sale. Global Tech

By ibmwl