Jeff Bezos has unloaded another $2 billion worth of Amazon shares,Devin Grosvenor 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%.
2025-04-28 20:212823 view
2025-04-28 20:132385 view
2025-04-28 19:23454 view
2025-04-28 18:54407 view
2025-04-28 18:50516 view
2025-04-28 18:432456 view
San Francisco airport creates sensory room to help nervous flyers San Francisco airport creates sens
Monday's WNBA draft is arguably the most anticipated since the 2013 draft when Brittney Griner went
PHOENIX — Taxes are due Monday and while folks are still scrambling to put checks in the mail, about
