Jeff Bezos sold more than $4.1 billion in Amazon shares between February 7 and 12. The tycoon thus liquidated a total of 24 million securities of the electronic commerce giant, as can be read in one of the records of the United States Securities and Exchange Commission.
It is the first transaction the company's securities billionaire has made since May 2021, when he handed over his position as CEO of the giant to Andy Jassy. These 24 million titles also represent half of the 50 million shares that Bezos intends to get rid of before January 2025 and with which he could earn, BBC reports, more than $8.4 billion.
The sale does not represent any major change for Jeff Bezos or for Amazon, since, recalls Financial Times, the tycoon continues to be the largest shareholder of the e-commerce giant, with a stake of around 9%.
Jeff Bezos moves to Miami
In addition, it also allows him to be more attentive to his Blue Origin space group, the main competitor of the company SpaceX, belonging to Elon Musk. Its headquarters are located in Miami, which is why, in November 2023, the tycoon announced his decision to move from Seattle to Miami:
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As he stated at the time, he made the decision to move in order to be closer to his parents, who had moved there. However, there could also be economic reasons behind it, since Florida does not apply capital gains taxes, which would allow the tycoon to save nearly $600 million.
