Posted 2/21/2024, 2:09:00 PM
Bezos Sells $8.5 Billion in Amazon Stock, Saves $595 Million in Taxes With Florida Move
- Jeff Bezos sold 50 million Amazon shares over the past 2 weeks, netting $8.5 billion
- The sales were part of a prearranged trading plan disclosed earlier to sell up to 50 million shares before 2025
- This is the first time Bezos has sold Amazon stock since stepping down as CEO in 2021
- By moving from Washington to Florida, Bezos avoids paying capital gains tax that could have cost him $595 million
- Bezos bought 2 multi-million dollar properties on Miami's "Billionaire Bunker" island where he plans to build a megamansion