Bezos has reduced his stake in Amazon (AMZN.US) for the first time this year! On the day when the stock price hit a new high, he swiftly cashed out $350 million.

APPJeff Bezos sold nearly $350 million worth of Amazon (AMZN.US) shares on Monday, coinciding with the stock price hitting an all-time high, marking his first sale of the company's stock this year.