Jeff Bezos Scheduled To Sell Amazon Shares Worth More Than IDR 15.4 Trillion

JAKARTA - Amazon.com founder Jeff Bezos is expected to re-sell more shares in the company on Tuesday, November 21 after selling shares worth around $240 million last week. The process of selling shares of one of the richest tycoons in the world was reported by CNBC citing several sources.

According to the report, Bezos is likely to sell as much as 8 million to 10 million shares, which amounted to more than USD 1 billion (IDR 15.5 trillion).

Bezos' representatives did not immediately respond to requests for comment from the media regarding the action. Meanwhile, Amazon itself fell by 2.5% on Tuesday.

After resigning as Amazon CEO, Bezos has liquidated its stake in the giant e-commerce to fund space company Blue Origin.

Earlier this month, Bezos said he moved to Miami from Seattle to be near his parents and will operate Blue Origin in Cape Canaveral.

Blue Origin does require huge funding in its efforts to compete with Elon Musk's SpaceX, to secure a billion-dollar contract from NASA on the space program to the depot.