Current：Home > InvestJeff Bezos completes 50 million Amazon share sale, nets $8.5 billion -Wealth Momentum Network
Jeff Bezos completes 50 million Amazon share sale, nets $8.5 billion
View
Date：2025-04-14 23:50:05
Jeff Bezos has unloaded another $2 billion worth of Amazon shares, the last in a series of planned stock sales that have netted the former Amazon CEO about $8.5 billion in cash.
A regulatory filing released earlier this month revealed Bezos' plan to sell 50 million shares by Jan. 31, 2025. Sales kicked off on Feb. 7 and wrapped up on Tuesday.
Bezos, the founder and executive chair of Amazon, still has more than 900 million Amazon shares worth roughly $158 billion. His net worth totals about $191 billion, according to the Bloomberg Billionaires Index.
Why is Bezos selling Amazon stock?
Bezos' plans with the money aren't clear, but experts say the timing of the sales makes sense. Amazon's share price is up (it's gained more than 12% so far this year) and Bezos' recent move from Seattle to Miami means he can sell without worrying about Washington state's new 7% capital gains tax.
The move to Florida could save him nearly $600 million in taxes.
Bezos offloading Amazon shares:Amazon founder Jeff Bezos just saved millions on a recent share sale. Here's how.
What is Amazon's share price
Amazon shares closed Wednesday at $168.59, up 0.9%.
veryGood！ (3)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Migratory species at risk worldwide, with a fifth in danger of extinction, landmark U.N. report says
- What is Temu, and should you let your parents order from it?
- Pop culture that gets platonic love right
- Where will Elmo go? HBO moves away from 'Sesame Street'
- VaLENTines: Start of Lent on Feb. 14 puts indulgence, abstinence in conflict for some
- Department of Energy Partners With States and Research Institutes to Boost Offshore Wind Development
- A's new primary play-by-play voice is Jenny Cavnar, first woman with that job in MLB history
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Activist sees ‘new beginning’ after Polish state TV apologizes for years of anti-LGBTQ propaganda
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Recent gaffes by Biden and Trump may be signs of normal aging – or may be nothing
- Inflation is cooling. So why are food prices, from steak to fast-food meals, still rising?
- Ash Wednesday and Valentine’s Day fall on the same day this year. Here’s what you need to know
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- I felt like I was going to have a heart attack: Michigan woman won $500k from scratcher
- Monty Python's Eric Idle says he's still working at 80 for financial reasons: Not easy at this age
- How did live ammunition get on Alec Baldwin’s ‘Rust’ set? The armorer’s trial will focus on this
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Robert Plant & Alison Krauss announce co-headlining tour: Here's how to get tickets
NATO chief hails record defense spending and warns that Trump’s remarks undermine security
Tai chi reduces blood pressure better than aerobic exercise, study finds
Current, future North Carolina governor’s challenge of power
2024 NFL schedule: Super Bowl rematch, Bills-Chiefs, Rams-Lions highlight best games
Minnesota health officials say Legionnaires’ disease outbreak in Grand Rapids linked to city's water
Illegal border crossings from Mexico plunge after a record-high December, with fewer from Venezuela