Overview

• 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.