Continuing the selling spree, Amazon founder and one of the richest person in the world, Jeff Bezos has sold another tranche of 12 million shares of Amazon.
Bezos has sold Amazon stock worth $4B this month and has given a mandate to sell a similar quantity in the near future, taking the total at around $8.4B at present prices.
Bezos had cashed out earlier, in persue of funding his other dreams and ventures, like Blue Origin.
He last sold amazon stock in 2021, and the stock has appreciated 70% since then.
Bezos was recently in news as he moved his base away from Seattle to Miami. He claimed it was to be near his parents, but going by the recent stock sale, its evident that Bezos was clearly avoiding Washington state taxes.
“My parents have always been my biggest supporters. They recently moved back to Miami, the place we lived when I was younger (Miami Palmetto High class of ’82 — GO Panthers!) I want to be close to my parents, and Lauren and I love Miami.”
Jeff Bezos
Jeff Bezos paid a record $68 Million for an Estate on Miami Beach’s ‘Billionaire Bunker’ Island.
By simply moving to Miami, he has saved an astonishing $280M already.
Lawmakers who pushed the state taxes bill for Washington state are under heavy criticism now. Opposers fear that more such businessmen and businesses may move out of the state.
