Jeff Bezos has unloaded another $2 billion worth of Amazon shares,Blake Preston the last in a series of planned stock sales that have netted the former Amazon CEO about $8.5 billion in cash.
A regulatory filing released earlier this month revealed Bezos' plan to sell 50 million shares by Jan. 31, 2025. Sales kicked off on Feb. 7 and wrapped up on Tuesday.
Bezos, the founder and executive chair of Amazon, still has more than 900 million Amazon shares worth roughly $158 billion. His net worth totals about $191 billion, according to the Bloomberg Billionaires Index.
Bezos' plans with the money aren't clear, but experts say the timing of the sales makes sense. Amazon's share price is up (it's gained more than 12% so far this year) and Bezos' recent move from Seattle to Miami means he can sell without worrying about Washington state's new 7% capital gains tax.
The move to Florida could save him nearly $600 million in taxes.
Bezos offloading Amazon shares:Amazon founder Jeff Bezos just saved millions on a recent share sale. Here's how.
Amazon shares closed Wednesday at $168.59, up 0.9%.
2025-05-06 03:201455 view
2025-05-06 03:1587 view
2025-05-06 02:502140 view
2025-05-06 02:292113 view
2025-05-06 01:37964 view
2025-05-06 01:352767 view
Anthony Andersonis getting candid on an unusual health scare.TheBlack-ishstar shared that he was dia
Washington — The Georgia Court of Appeals on Wednesday agreed to review a decision by a Fulton Count
LOS ANGELES (AP) — Country star Cindy Walker was posthumously inducted into the Songwriters Hall of
