The world’s second-richest person Jeff Bezos sells 24 million shares of Amazon, worth more than $4 billion. Jeff Bezos had not sold any shares of Amazon till now after 2021. But in the last 4 days alone he has sold shares worth more than $4 billion.
Till now no one is aware that Jeff Bezos suddenly founded Amazon.com Inc. Why did you think of selling the shares? Jeff Bezos was initially going to sell 50 million shares of Amazon. But till now he has sold 24 million shares whose value is more than $4 billion.
Jeff Bezos has already announced that he is moving from the Seattle region to Miami. Bezos is transferring because he had to pay a capital gains tax of 7% in Washington state in 2022, which is not the tax in Florida. So they believe that they can save $288 million by transferring.
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Today Amazon’s share price is $168, Also in the last few months, Amazon’s shares have seen an increase of 13%. Bezos has only bought a single share of Amazon, so it’s safe to assume he’s owned the stock since the company’s founding.
Jeff Bezos’ wealth has recently increased by more than $12.1 billion in a single day, and he is only $8.1 billion away from Elon Musk in wealth. So do you think Jeff Bezos will come first among the richest people in the world or not?