Feb 14, 2024

Amazon founder Jeff Bezos sells shares worth over $4bn

Multi-billionaire Jeff Bezos has sold more of his shares in Amazon, bringing the total value of sales in recent days to more than $4bn. The technology giant said in regulatory filings that its founder has now sold 24 million shares this month. Mr Bezos, who is Amazon's executive chair, last sold Amazon shares in 2021. Earlier this month, Amazon said he was planning to sell 50 million shares over the next year, which would be worth about $8.4bn at current prices. Mr Bezos will not owe any taxes on his gains after moving to Miami in Florida from Seattle in the state of Washington last year. If Mr Bezos still lived in Seattle he would owe around $280m on the $4bn worth of stock he has sold.

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