Jeff Bezos Seeks to Sell $5 Billion in Amazon Shares: Amazon has revealed a new plan by Jeff Bezos to sell an additional 25 million shares of the company,
valued at up to $5 billion, at a time when the company’s stock has reached a new record high.
The disclosure was made after the market closed last Tuesday,
although the sale could have also been conducted earlier that day, according to the filing documents.

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Bezos’s Sales This Year

Bezos Remains a Major Owner in Amazon

Amazon Stock Performance

Bezos Moves to Miami

Bezos’s Sales This Year

Bezos sold shares worth approximately $8.5 billion over nine trading days in February,
marking the first time he has sold company shares since 2021.
According to Bloomberg Billionaires Index calculations, the additional sales will bring his total sales this year to nearly $13.5 billion.

Bezos Remains a Major Owner in Amazon

After the recent sale, Bezos will still own approximately 912 million shares or about 8.8% of Amazon’s stock.
According to the Bloomberg Billionaires Index, he is the second richest person in the world,
with a net worth of $221.6 billion. He also owns the space exploration company Blue Origin and the Washington Post newspaper.
An Amazon spokesperson declined to comment on the latest sales.

Amazon Stock Performance

Amazon’s shares closed at $200 each on Tuesday, the highest level since its listing in 1997.
The company’s stock has risen 32% this year,
and its cloud business is expected to benefit from the growth of generative AI technology.

Bezos Moves to Miami

In November last year, Bezos (60) announced he would be moving to Miami from the Seattle area.
Washington State imposed a 7% capital gains tax in 2022—a tax that Florida does not have—
which means that Bezos’s move could potentially save him hundreds of millions of dollars in taxes.

Jeff Bezos Seeks to Sell $5 Billion in Amazon Shares

Jeff Bezos Seeks to Sell $5 Billion in Amazon Shares

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