A multimillion-dollar wedding bill might make anyone think about raising a few bucks. Even a multibillionaire.

Amazon (AMZN) founder and world’s-third-richest-man Jeff Bezos, who married Lauren Sánchez in a star-studded affair late last month, sold an estimated $1.4 billion of Amazon (AMZN) stock between June 27 and July 7, according to regulatory filings. The first sales, between June 27 and June 30, grossed Bezos about $736 million. The second round, from July 3 to July 7, totaled $666 million.

The sales generally coincided with Bezos and Sanchez’s three-day extravaganza in Venice, which cost an estimated $50 million. They were made under a 10b5-1 plan, plans that represent agreements between corporate insiders and brokers that set out conditions under which company stock is to be bought or sold. Used to protect against accusations of insider trading, they are often agreed to months in advance of any transactions. 

Bezos’s current plan, adopted in March, authorizes the sale of up to 25 million shares, which at the time were worth nearly $5.5 billion. Amazon stock has risen about 9% since Bezos adopted the plan. On the day the sales began, shares were trading about 8% below their February all-time high after rebounding from a tariff-driven sell-off in April. 

Bezos last sold stock in November 2024, the last of three selling sprees last year that grossed him approximately $13.6 billion. The first of those sales, in February, coincided with Bezos relocating to Florida from Washington state, a move that saved him an estimated $430 million owing to Florida’s lack of a state-level capital gains tax. Before those sales, Bezos hadn’t sold Amazon stock since November 2021. 

Bezos regularly donates Amazon stock to charitable organizations. Between March and June, he gave nearly 930,000 shares—worth about $200 million at current prices—to undisclosed non-profits.