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Jeff Bezos to Sell $4.75 Billion in Amazon Stock, Shifts Focus to Tax-Efficient Florida
Jeff Bezos to Sell $4.75 Billion in Amazon Stock, Shifts Focus to Tax-Efficient Florida
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Jeff Bezos, the former CEO of Amazon, is set to offload up to 25 million shares of the company, totaling $4.75 billion, as part of a prearranged trading plan established in early March. The sales will continue through May 2026, marking a significant divestment from the tech giant he founded.
The move coincides with Bezos’ relocation from Washington to Florida, a strategic decision driven by tax considerations. Florida’s lack of state income and capital gains taxes contrasts sharply with Washington’s recent 7% levy on long-term capital gains exceeding $250,000. This shift underscores the financial acumen of high-net-worth individuals in optimizing asset sales.
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