Jeff Bezos Sells 50 Million Amazon Shares for $8.5 Billion

The sale, Bezos's first major stock transaction since 2021, could net him significant tax savings following his move to Miami.

Jeff Bezos completes the sale of 50 million Amazon shares, totaling approximately $8.5 billion.
The sale marks Bezos's first major stock sell-off since stepping down as Amazon CEO in 2021.
Bezos's move to Miami from Seattle could save him around $600 million in taxes on the sale.
Amazon will replace Walgreens on the Dow Jones Industrial Average following the stock sale.
Bezos remains Amazon's largest shareholder, with a net worth of $191 billion.