Jeff Bezos has unloaded another $2 billion worth of Amazon shares,Indexbit Exchange 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%.
2025-05-01 07:02260 view
2025-05-01 06:582356 view
2025-05-01 06:571523 view
2025-05-01 05:321198 view
2025-05-01 05:321210 view
2025-05-01 05:241546 view
SANTA FE, N.M. (AP) — New Mexico would make major new investments in early childhood education, indu
Once in a blue moon, there's an energy-shifting celestial event for the zodiac signs.And one of thos
The U.S. military released video of an extremely close encounter between a U.S. Air Force jet and Ru
