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Perhaps third time is a charm for Amazon’s founder. Jeff Bezos is selling Amazon stock — and this week he sold his stock for the third time in a month.
Bezos sold roughly. $2 billion worth of Amazon stock from February 13th to February 14th, Filings with the U.S. Securities and Exchange Commission (SEC) announced on Thursday. He sold approximately 12 million shares at an average price of $169.50 per share.
Bezos begins selling Amazon shares Approximately 12 million shares were unloaded on February 7th and February 8th. He continued his frenzied selling on February 9th and February 12th, dropping an additional 12 million shares.This will look like this Amazon stock rose 13% Since the beginning of the year.
In total, Bezos has sold about $6 billion in stock this year. In February, it reduced its stake in the company by approximately 2%. But it looks like he’s not done yet. In a previous filing, Bezos suggested: Sold 50 million Amazon shares Estimated worth $8.4 billion.
The stock sale could boost Bezos’ net worth and reclaim his position as the world’s richest person. Bezos is currently in second place. Bloomberg Billionaires Index, with an estimated net worth of $194 billion.He trails Elon by just $20 billion. Musk is currently at the top of the rankings. However, Musk’s net worth has decreased significantly this year. Tesla stock plummets.
Bezos saves millions on Florida dig
Bezos moved from Seattle to Miami last year, likely saving millions of dollars. Florida does not have a capital gains tax, so it is included in state taxes. If he were still living in Washington state and a 7% capital gains tax was enacted in 2022; Upvoted in November, so far these stock transactions have resulted in approximately $420 million in taxes.Bezos announces change from seattleIn a November Instagram post, home to Amazon.
The billionaire said he plans to return to the city where he went to high school to be closer to his parents and running his aerospace company Blue Origin. Mr. Bezos did not discuss the reason for Washington state’s new capital gains tax.But the billionaire Didn’t sell Amazon stock in 2022 and 2023 Fortune reported while he was still living there and new taxes were being enacted.
If he can complete the sale of all 50 million shares he is proposing, he could end up saving more than $600 million.
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