Jeff Bezos Sells Over $2 Billion Worth of Amazon Shares, Targets Tax Benefits with Move to Miami

Jeff Bezos, the visionary behind Amazon, has recently liquidated more than $2 billion of his holdings in the company, marking the third instance of significant stock sales by Bezos this month. This recent sale elevates his total divestitures for the month to a staggering $6 billion, highlighting a potentially strategic reduction of his stake in the tech giant.

The transactions, executed over two days, Tuesday and Wednesday, saw Bezos parting with around 12 million shares at an average price point of $169.50 per share, according to filings with regulatory authorities. This spree of stock sales is particularly intriguing, given its alignment with Bezos’s decision to relocate from Seattle to Miami. Financial analysts suggest that this move could net Bezos considerable tax savings on the proceeds from these sales.

As one of the globe’s richest people, Bezos’s financial maneuvers, especially his investment and divestment choices, are closely watched for their potential impact on Amazon’s market performance and investor outlook.