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Jeff Bezos to sell $1bn of Amazon stock each year to fund space ambitions

on Apr 6, 2017 | 0 comments

By John Glenday

Amazon chief Jeff Bezos has confirmed his intention to sell $1bn of shares in his e-commerce empire each and every year in his pursuit of outer space.

The beneficiary of this largesse will be Blue Origin, the aerospace firm established by Bezos with a view to growing humanity’s footprint in space, a lofty goal which carries a stratospheric price tag.

Fortunately, with an estimated net worth of over $78bn, Bezos has the readies to fuel his dream for the foreseeable future, while ramping up healthy competition with fellow billionaire space enthusiast Elon Musk who has been Read full story ›

Source: The Drum