Jeff Bezos sells more than $2.4 billion in Amazon stock, completing his stock sale plan

Jeff Bezos sells more than $2.4 billion in Amazon stock, completing his stock sale plan

Amazon founder and former CEO Jeff Bezos has sold more than 14 million shares of the company over the past few days, worth around $2.4 billion, according to a new regulatory filing. This completes his stock sale plan that he adopted in November 2023 to sell up to 50 million Amazon shares — valued at more than $8 billion — during a period ending in January 2025.

 

Jeff Bezos

Monitra Healthcare

Bezos first sold 12 million shares earlier this month, worth more than $2 billion, and then sold separate 12 million share tranches through February. It’s Bezos’ first sale of the company’s stock since 2021, when he stepped down as Amazon CEO and became the world’s third-wealthiest person with a net worth of $191.4 billion.

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Bezos said last year he would leave Seattle and move to Miami, a move that could save him hundreds of millions of dollars in taxes on the share sales. Florida does not have a capital gains tax, while Washington state does2. Bezos now controls about 11.8% of the company’s stock, down from 12.3% previously

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Source : GEEKWIRE

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