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Founder
In the news:
- It shows that Bezos sold a sloppy 14 million shares in tranches, at a price hovering around
$168 . That allowed him to collect about$2.4 billion . - The sales follow similar transactions earlier this month.
-
In total, Bezos sold 50 million shares, bringing in
$8.5 billion . -
This is also normally the end of the sale series.
Amazon announced earlier this year that the founder could sell 50 million shares in a one-year span. Bezos didn't waste any grass.
Fiscal motives
More background: Observers link it to his recent move from northwest
Seattle is inWashington state , which introduced a capital gains tax of 7 percent in 2022. No such capital gains tax exists inFlorida .-
As a result, the
Amazon founder is saving hundreds of millions of dollars in taxes. Amazon shares climbed 74 percent in the past year. By cashing in now, Bezos is also partly choosing security.- However, with more than 938 million shares, or some 9 percent of the capital, he still remains a major shareholder in the tech giant.
The big question: Reinvest in, say, his aerospace company Blue Origin, refurbish their new super homes in
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