Peggy Olin, CEO of Oneworld Properties, spoke about the hype surrounding Amazon’s Jeff Bezos relocating from Seattle to Miami in an interview with FOX News Digital.
Jeff Bezos sold more Amazon stock.
The Amazon founder made his latest trades involving about 12 million shares on Friday and Monday. These were disclosed in Tuesday’s filing with the Securities and Exchange Commission (SEC).
The total amount of stock was approximately $2.08 billion.
Jeff Bezos speaks at the Climate Week NYC Leaders Reception at PEAK at Hudson Yards on September 20, 2021 in New York City. (Dimitrios Cambris/Bezos Earth Fund/Getty Images)
Amazon informed investors in early February that Bezos had initiated a transaction plan in November to sell up to 50 million shares by January 25 next year. Recent sales, and another set last week were also related to that.
Bezos plans to sell 50 million Amazon shares over next 12 months
Prior to the stock sale disclosed Tuesday, Bezos had offloaded about $2.04 billion worth of Amazon stock, a separate SEC filing revealed.
July 4, 2022, Amazon Amagasaki Fulfillent Center in Japan. (Kazuhiro Nogi/via AFP/Getty Images)
Bezos, who moved from Washington to Florida with his fiancée Lauren Sanchez, could potentially save significantly on taxes by selling his shares in the Sunshine State compared to Washington, where he founded the e-commerce giant. Neither state has an income tax, but Washington state recently introduced a 7% capital gains tax.
Jeff Bezos saves hundreds of millions of dollars in taxes by moving to Florida
The sale will increase Bezos’ stake in Amazon to include approximately 964.26 million shares, according to an SEC filing.
Bezos’ hundreds of millions of Amazon shares make up a significant portion of his net worth. His personal wealth, currently the third largest in the world, stood at about $191.2 billion as of Wednesday morning, according to Forbes magazine.
Jeff Bezos and Lauren Sanchez attend the Robin Hood Charity at the Jacob Javits Center on May 9, 2022 in New York City. (Kevin Mazur/Robin Hood/Getty Images)
The stock price of the company, of which Bezos is chairman, has increased more than 70% over the past year.
Jeff Bezos still uses Amazon’s early homemade door desk
Earlier in the month, Amazon announced that its 2023 net sales would be $574.8 billion, a 12% increase from 2022. Net income for the same year was $30.4 billion.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| AMZN | Amazon.com Inc. | 169.84 | +1.20 | +0.71% |
