Posted 2/21/2024, 2:01:00 AM
Bezos Sells $8.5 Billion in Amazon Shares Over 9 Days, Largest Sale Since 2021, After Moving to Florida
- Jeff Bezos sells another $2.4 billion in Amazon shares, bringing total sales over last 9 days to $8.5 billion
- Bezos planned to sell up to 50 million Amazon shares by early 2025
- This is first major sale of Amazon stock by Bezos since 2021
- Sale enables Bezos to avoid nearly $600 million in taxes by moving from Washington to tax-free Florida
- After sale, Bezos remains Amazon's largest shareholder with over $190 billion net worth