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Jeff Bezos Sells $2 Billion in Amazon Shares, Eyes Richest Man Title

The sale, part of a larger plan to offload 50 million shares, could save Bezos $600 million in taxes following his move to Miami.

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Amazon founder Jeff Bezos speaking at the Economic Club of Washington, D.C. in 2018. (Economic Club of Washington, D.C. Photo / Gary Cameron)
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Overview

  • Jeff Bezos sold 12 million Amazon shares, netting about $2 billion, marking his first major stock sale since 2021.
  • The sale is part of a plan for Bezos to sell up to 50 million shares by January 2025, potentially saving him $600 million in taxes by moving to Miami.
  • Bezos' net worth has surged to $200 billion, positioning him close to reclaiming the title of world's richest man.
  • The stock sale comes amid a significant rise in Amazon's stock price, contributing to Bezos' increased wealth.
  • Bezos' decision to sell shares follows his move to Miami, influenced by family ties and the strategic location for his aerospace venture, Blue Origin.